Aqaseem signs MoU to acquire 40% of Leader Express

04:23 PM (Mecca time) Argaam- Nomu
Logo ofAqaseemFactoryforChemicalsandPlasticsCo.

Logo of Aqaseem Factory for Chemicals and Plastics Co.

Aqaseem Factory for Chemicals and Plastics Co. signed a non-binding memorandum of understanding (MoU) to acquire a 40% stake in Leader Express for Car Services, a limited liability company operating in the automotive services sector.
 
The MoU was signed on Nov. 27 and will remain in effect for six months, Aqaseem said in a Tadawul statement.
 
Aqaseem appointed Value Capital to valuate Leader Express and will hire a specialist adviser for the financial and legal due diligence. Leader Express has not yet appointed a financial adviser for this stage.

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