The Saudi Industrial Investment Group (“SIIG”) announces its entry into a binding implementation agreement with The National Petrochemical Company (“Petrochem”) to acquire all shares issued in Petrochem through a securities exchange transaction and its firm intention in making an offer in this respect.
ELEMENT LIST EXPLANATION Announcement Detail Further to the announcement made by the Saudi Industrial Investment Group (“SIIG”) on 21-2-1443H (corresponding to 28-09-2021G) in respect of signing a non-binding memorandum of understanding in relation to the exchange ratio and the structure to implement a securities exchange transaction with the National Petrochemical Company (“Petrochem”), SIIG is pleased […]