Al-Babtain extends non-binding offer for stake to April 24

13/03/2016 Argaam

Al-Babtain Power and Telecommunication Co. has extended its non-binding offer to buy a founding stake in a Riyadh-based manufacturing company to April 24 as it is still working on the feasibility study, it said in a statement to the Saudi bourse Sunday.

 

The offer has been extended twice before, according to Argaam.

 

On Dec. 7, the company said it had submitted a non-binding offer to buy a stake in a limited liability company, without naming the entity.

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