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Jahez International Company for Information System Technology signed, on July 31, an extension for the share purchase agreement (SPA) to acquire The Chefz SPV Ltd, as both the original as well as the extension agreement periods expired.
Signing parties agreed to extend the SPA until Oct. 31, 2023, to complete the procedures stipulated in the agreement, including obtaining the relevant regulatory approvals, the company said in a statement on Tadawul.
There is no change in costs associated with the extension, the Saudi-listed company added.
In November 2022, Jahez signed the SPA to acquire 134,620 shares in The Chefz SPV, representing a 100% stake, according to data compiled by Argaam.
The company then signed, on May 1, an extension for the share purchase agreement (SPA), as the original agreement period has expired.
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