Raoom extends MoU to acquire shares of the “Qassim Carton ‎Factory” ‎

Raoom Trading “Raoom” announced the extension of a non-binding memorandum of understanding to acquire all the shares of Al-Qassim Factory for Corrugated Carton and Paper Products Company, by increasing the capital through the issuance of shares to the owners of “Al-Qassim Factory for Corrugated Carton and Paper Products” with the same terms and conditions for the previous period another additional period of (180) days from the date of July 6, in order to complete the due diligence examination.

This comes as a reference to the announcement of Raoom Trading Company “Raoom”, which was published on the Tadawul website on 03/08/2023 AD, regarding the signing of a memorandum of understanding (non-binding) with Al-Qassim Factory for Corrugated Carton and Paper Products – a one-person company with limited liability for the potential acquisition of (100%) of the shares of Al-Qassim Factory for Corrugated Carton and Paper Products – a one-person company with limited liability, wholly owned by Al-Arifi Trading, Industry and Contracting Company. This is done by increasing the company’s capital by issuing new shares in Raoom Trading Company.