Rawasi Albina Investment Signs MoU To Buy 50% Economic Value Of Al-Amlaq Al-Hadidiyah

About this update from Rawasi Al Bina Investment Co.

RAWASI ALBINA INVESTMENT CO SJSC TADAWUL:9547:RAWASI ALBINA INVESTMENT - SIGNS NON-BINDING MOU TO BUY 50% ECONOMIC VALUE OF AL-AMLAQ AL-HADIDIYAHRAWASI ALBINA INVESTMENT - DEAL IS EXPECTED TO ENHANCE INTEGRATION BETWEEN OPERATIONS AND THE TRADING OF STEEL PRODUCTSRAWASI ALBINA INVESTMENT - FINAL TRANSACTION VALUE WILL BE DETERMINED UPON COMPLETION OF THE FINANCIAL VALUATIONRAWASI - FINAL TRANSACTION VALUE WILL BE DETERMINED UPON COMPLETION OF FINANCIAL VALUATION, FINANCIAL, LEGAL, TECHNICAL DUE DILIGENCE,RAWASI ALBINA INVESTMENT - MOU DURATION SIX MONTHS

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