AlBabtain Food cancels MoU for acquisition of Integrated Business

31/10/2023 Argaam

AlBabtain Food cancels MOU for acquisition of Integrated Business

Logo of Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food)

 

Abdulaziz & Mansour Ibrahim AlBabtain Co. (AlBabtain Food) canceled today, Oct. 31, a non-binding memorandum of understanding (MoU) with Integrated Business Co. (Integrated Business). 

 

The MoU was cancelled as both the parties failed to reach an agreement,  AlBabtain Food said in a statement to Tadawul.

 

On Aug. 2, 2023, the company signed an MoU with Integrated Business to study feasibility and determine acquisition percentage, according to Argaam's data.

 

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