Raoom appoints financial advisor to acquire 51% of Mohrkey Trading

09:27 AM (Mecca time) Argaam
Raoom names Wasatah Capital to advise on Mohrkey Trading acquisition

Raoom names Wasatah Capital to advise on Mohrkey Trading acquisition


Raoom Trading Co. appointed Wasatah Capital as the financial advisor for the acquisition of a 51% stake in Mohrkey Trading Co., according to a statement to Tadawul.
 

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Earlier this month, Raoom signed a preliminary and non-binding memorandum of understanding (MoU) to acquire a 51% stake in Mohrkey, a Saudi-based firm specializing in modern car care and fuel services.

 

Raoom added that the acquisition proceeds will be injected into Mohrkey to support its operations and future expansion plans.

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