Bena spins out non-binding MoU to buy Alderley’s 40% stake in Saudi branch

15/02/2024 Argaam

Bena signs MoU to buy Alderley’s 40% stake in Saudi branch

Logo of Bena Steel Industries Co.

Bena Steel Industries Co. extended, for additional six months, a non-binding memorandum of understanding (MoU) with Alderley PLC to acquire its 40% stake in the Alderley FZE M24 branch, located in Saudi Arabia, the company said in a statement to Tadawul.

 

According to data compiled by Argaam, Bena signed, on June 21, 2023, a non-binding MoU with Alderley PLC to acquire its 40% stake in the Alderley FZE M24 branch, located in Saudi Arabia.

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