FIPCO appoints Alkhair Capital as financial advisor on potential acquisition of Bina Holding

Logo of Filling and Packing Materials Manufacturing Co. (FIPCO)

Filling & Packing Materials Manufacturing Co. (FIPCO) appointed Alkhair Capital as financial advisor on the potential acquisition of Bina Holding, the company said in a statement to Tadawul today, June 4.

The appointment has no material financial impact at present, the statement noted.

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Any future developments will be disclosed in due course, it further stated.

In May, FIPCO signed a non-binding memorandum of understanding (MoU) with Bina Holding, agreeing to initiate talks on FIPCO’s potential 100% takeover of the latter, according to Argaam’s data.