Saudi Arabian Mining Company (Ma’aden) announces that its wholly-owned subsidiary, Ma’aden Marketing and Distribution Company, has obtained the applicable regulatory approval to complete the transaction to acquire 85% of Meridian Group.
|Date of Posting the Previous Announcement of Development on Tadawul's Website||2019-04-18 Corresponding to 1440-08-13|
|Change on the Development||The company announces that its wholly-owned subsidiary, Ma’aden Marketing and Distribution Company, has completed on Thursday 8 August 2019 the acquisition of 85% of Meridian.|
|Financial Impact on the change||Please note that the financial impact of the acquisition is expected to be reflected in Q3 2019 financial results.|
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.