Raoom ends MoU to acquire 51% stake in Mohrkey Trading

08/02/2026 Argaam
Raoum said the termination of the MoU carries no financial or legal obligations for either side.

Raoum said the termination of the MoU carries no financial or legal obligations for either side.

Raoom Trading Co. terminated a non-binding memorandum of understanding (MoU) signed to acquire a 51% stake in Mohrkey Trading Co., as both parties failed to reach an agreement, according to a statement to Tadawul.

 

Terminating the MoU will entail no financial or legal obligations on either party, the statement added.

 

In September, Raoom signed a 60-day preliminary and non-binding MoU to acquire a 51% stake in Mohrkey Trading, a Saudi-based firm specializing in modern car care and fuel services.

 

The company said at the time that the acquisition proceeds would be injected into Mohrkey to support its operations and future expansion plans.

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