Filling & Packing Materials MFG. Co. (FIPCO) announces completion of all regulatory procedures related to acquisition of full minority shareholding in its subsidiary (FPC Industries Co.)
|Announcement Detail||Further to FIPCO announcement published on Tadawul website on 7th of Rajab 1441H corresponding to Mar. 02, 2020 relating to the signing of acquisition agreement to acquire the full minority shareholding of (Eirad Investment Co.) in its subsidiary (FPC Industries Co.) |
FIPCO is pleased to announce the completion of the Transaction and satisfying all of the regulatory approvals related to the Transaction on 3rd of Ramadan 1441 corresponding to Apr. 26, 2020 including the execution of the reinstated articles of association of FPC before the notary public to reflect the ownership of FIPCO of the entire shareholding in FPC.
Accordingly, FPC is a limited liability company, fully owned by FIPCO, and all CRs and official documents are updated.
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.