SAIC to divest 10% stake in Alsalam Aerospace for SAR 100 mln

11/12/2018 Argaam

 

Saudi Advanced Industries Co. (SAIC) has inked a memorandum of understanding (MoU) with Saudi Arabian Military Industries Company (SAMI) to sell a 10 percent stake in Alsalam Aerospace for SAR 100 million.

 

The MoU will last for four months, the company said in a statement to Tadawul.

 

The relevant financial impact will be determined later. No related parties are involved in the deal, the statement added.

 

The company’s board of directors approved the offer which was received yesterday.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read