Fitaihi Group terminates MoU with Dubai’s Ithmar Capital

10/12/2018 Argaam

Fitaihi Holding Group on Monday terminated its non-binding memorandum of understanding (MoU) with Dubai-based Ithmar Capital Partners to explore a potential equally-owned joint venture.

 

The move came as no final agreement was reached on the deal conditions, Fitaihi said in a bourse statement.

 

The termination is not expected to have any financial impact on the company.

 

No related parties were involved in the deal, Fitaihi added.

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