Jahez extends share purchase agreement for acquisition of 100% of Chefz SPV LTD capital until July 31

Jahez International Company for Information System Technology (Jahez) announced on Tuesday it signed an agreement among Jahez and the sellers of the Chefz SPV LTD to extend the period of the SPA, this is after the expiration of the period agreed upon between the parties in the SPA, where the parties agreed to extend the period of the SPA with the same previous terms and conditions until 31.07.2023, to complete the procedures stipulated in the SPA, including obtaining the relevant regulatory approvals.

With reference to the announcement made by Jahez International Company for Information Systems Technology (Jahez) on 30.11.2022, on the signing of a share purchase agreement (the “SPA”) with each of Mr. Abdulrahman Abdullah Alshabanat, Mr. Abdulrahman Ahmed Almarshed, Mr. Abdullah Mohammed Aldosari, Saqr Fund L.P; Impact46 Seed Fund/Impact Seed Fund Co., and Company Muthmir for Investment (referred to collectively as the “Sellers” and together with Jahez as the “Parties” and each as the “Party”) for the purpose of acquiring one hundred thirty four thousand and six hundred twenty (134,620) shares in The Chefz SPV Ltd (“The Chefz”), representing (100%) of the share capital of The Chefz.