Logo ofAbdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food)

Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) terminated the non-binding memorandum of understanding (MoU) with Integrated Business Co. LLC to acquire the latter on failure to reach an agreement.

 

Both parties agreed to terminate the MoU on June 22, the company said in a statement on Tadawul, adding that the step has no impact on its financials.

 

In December 2022, AlBabtain Food signed the non-binding MoU with Integrated Business to study the possible stake and feasibility of acquiring the latter, according to data available on Argaam.

 

The MoU was extended in February 2023 for 60 days, and for additional 30 days in May.

 

For More Mergers and Acquisitions

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.

Related News

AlBabtain Food extends MoU with Integrated Business for additional 60 days
AlBabtain Food signs non-binding MoU to acquire Integrated Business

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request