[ad_1]
Fiteihi Holding Group signed a memorandum of understanding with Ithmaar Capital Partners to explore the possibility of creating a joint investment entity between the two companies;
The company explained in a statement about Tadawul that the duration of the MOU is 4 months from the date of its signature on July 11, 2018 and until November 10, 2018, stating that It may be extended by a written agreement between the parties.
and pointed out that in case of agreement on this cooperation, will determine the final value after the completion of all studies of the examination of the ignorance of financial studies and legal and other are necessary, emphasizing that this cooperation conditional on obtaining all regulatory approvals.
The company said that at the present time, there is no financial impact on them as a result of the signing of the mentioned memorandum of understanding, noting that it will be announced later on any development in this regard.
Ithmaar Capital Partners is a Dubai-based Emirati company that provides asset management and investment services, stating that there is no interest for directors or any other related party in this transaction
[ad_2]
Source link
