Al-Babtain says non-binding offer for stake extended further

Al-Babtain Power and Telecommunication Co. said on Thursday it has further extended its non-binding offer to acquire a founding stake in a Riyadh-based manufacturing company until Feb. 28, it said in a statement to Tadawul.

The offer was earlier extended for one month till Feb. 7, according to the data available on Argaam.

On Dec. 7, the company had submitted a non-binding offer to purchase a stake in a limited liability company that is still under establishment. However no further information was given about the target company or the potential stake.