Logo of United International Transportation Co. (Budget Saudi)
United International Transportation Co. (Budget Saudi) appointed today, Oct. 12, EFG Hermes KSA as financial advisor on the planned acquisition of Al-Jazira Equipment Co. (AutoWorld), according to a statement to Tadawul.
In August, Budget Saudi signed a non-binding memorandum of understanding (MoU) with the Saudi Economic and Development Holding Co. (SEDCO) to fully acquire its subsidiary, AutoWorld, by issuing shares to the subsidiary owner, Argaam reported.
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