Balady Extends MoU with Almanjem Food for Purchase of Company Shares

Balady Poultry Trading Co. announced on Thursday that it has agreed with Almanjem Food Company regarding the signing of a memorandum of understanding (non-binding) with Almanjem Food Company for the purpose of purchasing shares through special deals representing 17.00% of the company’s shares owned by specific shareholders (potential deal)

The Company explained that the memorandum had been extended with the same terms and conditions as before for an additional period ending on 30-4-2024 ad in order to complete the ignorance screening work.