Saudi Industrial Export Co. (SIECO) said on Wednesday a memorandum of understanding (MoU) with Engaz Al Ittihad Mining Co. to invest in Tayma’s silica mine has terminated.
Talks ended as no agreement was reached by both parties, the company added in a bourse statement.
The three-month preliminary agreement was inked in May and no related parties were involved in the deal, Argaam reported.
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