Zoujaj says MoU with SAGCO expires

10:28 AM (Mecca time) Argaam
Logo of The National Company for Glass Industries (Zoujaj)

Logo of The National Company for Glass Industries (Zoujaj)

The National Company for Glass Industries (Zoujaj) announced the expiry of its non-binding memorandum of understanding (MoU) with Saudi Arabian Glass Co. Ltd. (SAGCO), with no acquisition or merger agreement reached.

 

In a statement to Tadawul, Zoujaj said the MoU expired on May 8.

 

For more news and details on M&As

 

On Nov. 9, 2023, Zoujaj signed a 12-month non-binding MoU with SAGCO to explore a potential acquisition or merger deal with the latter, according to Argaam data.

 

In November 2024, the company announced extending the MoU for six months until May 8, 2025.

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