“Tihama” terminates the understandings to acquire a percentage of the shares of “Massar Al-Ula” without an agreement
Company announced "Tihama Advertising and Public Relations"Today, Thursday, the non-binding memorandum of understanding to acquire a percentage of the company’s shares was terminated "AlUla Commercial Path"without reaching an agreement.
And it was "Tihama" It was announced on March 26, 2026 via "Saudi Arabia trading" Signing a non-binding memorandum of understanding with Masar Al-Ula Trading Company, a Saudi company that owns and operates a chain of restaurants "Your entourage" It has experience and knowledge in the restaurant management and investment sector.
The memorandum aims at a possible acquisition by the company "Tihama Advertising, Public Relations and Marketing" A percentage of the company’s capital shares "AlUla Commercial Path"The procedures include due diligence legal and financial studies, evaluation by an accredited evaluator, and completion of the necessary regulatory procedures to ensure that the acquired activity does not conflict with the activities authorized to be carried out by the first party, in addition to obtaining the necessary regulatory approvals for both parties.
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