Dar Al-Murakaba to fully acquire Zad International
Dar Al-Murqab Car Rental Company announced the signing of a non-binding Memorandum of Understanding with ZAD International Company, with the aim of acquiring 100% of its shares. The step is intended to strengthen the company's portfolio and expand its activities through the issuance of new shares in exchange for the acquisition, with an economic and technical feasibility study to be conducted over a six-month period, which can be extended. The completion of the deal is subject to obtaining regulatory and financial approvals, including approval from the General Assembly and the Capital Market Authority, in addition to adhering to transparency and disclosure standards.
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