Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, has signed a Memorandum of Understanding (MoU) to acquire a 40% stake in Salis For Trading and Marketing Company.
The transaction is subject to the completion of financial and legal due diligence and necessary approvals, according to a bourse filing on Tuesday.
During the three-month agreement, the company will conduct full due diligence, valuation, and final negotiations, sign a Share Purchase Agreement (SPA), and apply for approvals from relevant bodies.
