BRIEF-Dur Hospitality Shareholders Approve Taiba Investments' Acquisition Offer

Tadawul All Shares Index -0.85%
DUR Delist
TAIBA -1.71%

Tadawul All Shares Index

TASI.SA

11366.79

-0.85%

DUR

4010.SA

27.00

Delist

TAIBA

4090.SA

40.30

-1.71%

Dec 3 (Reuters) - DUR HOSPITALITY COMPANY SJSC 4010.SE:

  • SHAREHOLDERS APPROVE TAIBA INVESTMENTS OFFER TO DUR'S SHAREHOLDERS TO ACQUIRE ALL SHARES ISSUED IN DUR THROUGH ISSUANCE OF ONE SHARE IN TAIBA FOR EACH SHARE IN DUR CO

  • TRANSACTION HAS BEEN COMPLETED PURSUANT TO APPROVAL OF SHAREHOLDERS OF BOTH DUR AND TAIBA CO

  • TRADING OF DUR COMPANY’S SHARES HAVE BEEN SUSPENDED UNTIL DELISTED FROM SAUDI STOCK EXCHANGE

  • DUR WILL BE FULLY OWNED BY TAIBA CO; AND IN CONSIDERATION, TAIBA WILL ISSUE 100 MILLION ORDINARY SHARES IN FAVOUR OF DUR SHAREHOLDERS

Source text for Eikon: ID:nSSE5HR1ks

Further company coverage: 4010.SE


((Reuters.Briefs@thomsonreuters.com;))

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