Saudi Arabia Ithmaar Capital Partners has announced the extension of the non-binding Memorandum of Understanding with Ithmaar Capital Partners to investigate the possibility of setting up a single investment unit for a month ending December 11, 2018 under the same conditions.
The company stated that the percentage achieved was 50% and noted that there were no interests for board members or any party involved in this transaction.
She noted that any developments in this regard would be announced later.
In July, Fiteihi Group signed a Memorandum of Understanding with Ithmar Capital Partners to investigate the possibility of creating a single investment unit between the two companies. The group will contribute equally to the UAE company for four months.