“Anaam Holding” announces the sale of its stake in “Wasit Saudi Arabia” for 38 million riyals
Company announced "Anaam International Holding Group"Today, Sunday, it signed an agreement to sell its entire stake in the company "Wasit Saudi Arabia Entertainment and Beauty Systems Industry" (Closed Joint Stock Company) for the benefit of Tariq Al-Haidari (buyer), in a deal worth 38.18 million riyals.
According to the details of the deal published on "Saudi Arabia trading"The first party agrees to transfer the shares and waive any of their rights under the Companies Law and the Articles of Association when the second party pays the first installment of the company’s value, amounting to 25.2 million riyals, within a maximum of 30 days from the date of signing the contract, and the second installment, amounting to 3.24 million riyals, is due one year from the date of signing the contract. The remainder of the amount will be paid in 3 equal installments every 6 months from the date of payment of the second installment.
The Anaam Holding Group’s shares amount to (1,071,000) shares in the Saudi Wasit Company for Entertainment and Beauty Systems for Industry, which represents 63% of the company’s total shares.
The company expects to achieve a good financial return from this process, and this effect will appear in the financial statements for the second quarter of the year 2026.
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