Writely complete the acquisition of the Diracc F. with 220.5 million riyals

The Saudi Tadawal Holding Group Company has announced the latest developments related to the acquisition of its subsidiary company, Tadawul, the advanced solution company, “Wathf”, on 49% of the entire remaining shares of the issued capital of the Mubasher Financial Network Company (Direct Financial Network Limited) (Direct FN) at a value of 220.5 million riyals.
The company noted in a statement on the circulation of Saudi Arabia, the completion of the requirements of the regulators and the completion of the deal on 3 Shaban 1446 AH (corresponding to February 2, 2025 AD), and thus the Wathfal Company is the only owner of all shares in the Mubasher Financial Network Company (Direct Financial Network Limited) (Direct FN).
Thus, the stakes of a flashing company will be in the Mubasher Financial Network Company (Direct Financial Network Limited) (Direct FN) increased from 51% to 100%.