Voga Signs MOU to Buy 5% of Outad Al-Fahd

Waja Company has signed a non-binding memorandum of understanding to acquire a 5% stake in Udad Al-Fahad Limited, with the aim of strengthening its presence in the construction and contracting sector in Saudi Arabia. The memorandum was signed on June 10, 2026, and is valid for six months. It includes an assessment of the final deal value following financial evaluation and legal due diligence, with the possibility of extension. Udad Al-Fahad is a first-tier rated company in the construction and building sector, headquartered in Riyadh. The acquisition process will depend on the results of the final due diligence and reaching a final agreement between the two parties.

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