Riyadh – Mubasher: Maharah Human Resources Company announcedSkillOn the last five days, December 29, 2022, the Growth Path Investment Company completed the first phase of the process of acquiring a share in the Smooth Trading and Marketing Company, which represents 20% of the ownership stakes in the company, by raising the company’s capital and issuing new shares for the company. investment growth path.
The company stated, according to a statement it made today, Sunday, on “Saudi Arabia’s Tadawul”, that the acquisition fee for the company was paid, the ownership shares were transferred to the Path of Growth Investment Company, and the company’s articles of incorporation were amended at the Ministry of Commerce.
The company indicated that the Path of Growth Investment Company and the owners of Silas Trading and Marketing Company – the owner and operator of Sorour’s application – signed a sale and purchase agreement for the acquisition of 40% of the ownership shares in the company by Path of Growth Investment Company.
In October 2022, the Growth Path Investment Company obtained the General Authority for Competition’s non-objection from completing the acquisition of 40% of the ownership stakes in the company. On the closing date, an agreement was signed with the company’s owners to implement the acquisition in two stages. Closing date Acquisition of shares in the first stage, which represents 20% of the company’s ownership rights, with the growth path investment company being given the option to purchase shares in the second stage amounting to 20% of the company’s ownership shares within six months from the closing date, provided that the company achieves financial and operational targets that have been agreed upon between two sides.
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