“Family Entertainment”: The merger with “Travel Hospitality” takes place through a share exchange

Sayed Hussein Al-Qassab

Both companies successfully completed their due diligence examination

Bahrain Family Entertainment Company announced that the merger deal with Travel Hospitality will take place through a stock exchange, whereby Bahrain Family Entertainment Company will issue new shares equivalent to a certain percentage of its capital, which will be transferred to the shareholders of Travel Hospitality Holding, in exchange for 100% of the shares of “Travel Hospitality Molding.” “Travel Hospitality Holding” will then become a wholly-owned subsidiary of Bahrain Entertainment Company, and the proposed transaction is subject to shareholder approvals. And the regulatory authorities. With reference to the general disclosure of Bahrain Family Entertainment Company B.S.C., issued on November 18 last, regarding the ongoing discussions between Bahrain Family Entertainment Company B.S.C. and Divided Gate Capital regarding the proposed merger between Bahrain Family Entertainment Company B.S.C. B.C. and “Travel Hospitality Holding LLC” (the food and beverage company affiliated with Divided Gate Capital), Bahrain Family Entertainment Company explained On November 25, the two parties entered into an agreement conditional on the successful completion of the due diligence examination process. Bahrain Family Entertainment Company disclosed material information yesterday regarding potential merger discussions between Bahrain Family Entertainment Company B.S.C. and Travel Hospitality. Holding LLC, the company specializing in food and beverages, affiliated with Divided Gate Capital. The company confirmed that it will disclose any developments related to this matter according to what… Required by law on an ongoing and immediate basis to ensure transparency and compliance with all regulations and provisions.