SALIC interested to acquire 30% share in TOMCL

MG News | October 05, 2022 at 03:02 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 5, 2022 (MLN): The Saudi Agricultural and Livestock Investment Limited (SALIC) has shown interest in acquiring up to 30% shareholding of the Organic Meat Company Limited (TOMCL), the company’s filings on the stock exchange showed on Wednesday.

SALIC, a Saudi Joint Stock Company owned by the Public Investment Fund has appointed PriceWater House Coopers (PWC) to conduct due diligence of the company.

Further company added, “the proposed investment is currently in a discussion phase and no binding arrangement of any kind have been agreed with SALIC. The proposed investment will be subject to inter alia an agreement on the commercial terms and condition and obtaining all applicable internal and external approvals”.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	164,831.42 172.53M	1.19% 1934.74
ALLSHR	99,333.72 384.51M	0.90% 884.04
KSE30	49,356.83 107.72M	1.37% 669.37
KMI30	237,212.17 96.91M	1.44% 3362.86
KMIALLSHR	64,767.41 193.69M	1.12% 719.32
BKTi	44,973.02 33.91M	1.41% 625.96
OGTi	34,831.33 6.50M	1.19% 408.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,590.00	77,820.00 76,465.00	755.00 0.98%
BRENT CRUDE	108.52	111.49 107.52	-2.76 -2.48%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-7.75 -6.58%
ROTTERDAM COAL MONTHLY	113.00	113.00 112.80	0.55 0.49%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.85	104.45 100.75	-2.30 -2.21%
SUGAR #11 WORLD	15.04	15.15 14.92	0.03 0.20%