Intelligent Oud Company for Trading announced on October 15, 2025, the signing of an agreement to acquire thannah through a capital increase by issuing new shares. The company will increase its capital by 60%, raising the total number of shares from 1,950,000 to 3,120,000. Following the acquisition, Intelligent Oud will own 100% of thannah, while shareholders receiving the newly issued shares will hold 37.5% of the expanded company.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.