Anaam signs MoU to acquire Al Murjan’s 69.33% stake in United Ink

Logo of Anaam International Holding Group

Anaam International Holding Group inked today, Jan. 2, a non-binding memorandum of understanding (MoU) with Al Murjan Group Holding Co. to acquire its entire ownership of 69.33% in United Ink Production Co., according to a statement to Tadawul.

The 120-day MoU is renewable and will be effective as of the signing date.

There are no related parties and the relevant financial impact will be determined after finalizing the final evaluation.

Any material developments will be announced in due course, the statement added.

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