BRIEF-Miahona Co Signs SPA To Buy 100% Equity Stake In Sha’s Water Services

MIAHONA
Tadawul All Shares Index

MIAHONA

2084.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

June 7 (Reuters) - Miahona Co SCJSC 2084.SE:

  • MIAHONA CO SCJSC - COMPANY SIGNS SPA TO BUY 100% EQUITY STAKE IN SHA’S WATER SERVICES LTD. COMPANY INCLUDING RELEVANT STAKE IN ITS AFFILIATES

  • MIAHONA - ACQUISITION WILL BE FUNDED THROUGH MIAHONA CO’S INTERNAL SOURCES AND AVAILABLE FINANCING FACILITIES

  • MIAHONA - TRANSACTION IS CURRENTLY VALUED AT SAR 95 MILLION

  • MIAHONA - TRANSACTION WILL ENTAIL CO’S GROWTH IN WATER DISTRIBUTION BUSINESS SPACE IN RIYADH ACROSS MULTIPLE CUSTOMERS SEGMENTS

Source text: ID:nSSE6LxGgW

Further company coverage: 2084.SE


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