36.4500
Change
-0.5500
Change %
1.4865%
Open
37.0000
Close
36.3000
High
37.4000
Low
36.2000

Fitaihi extends MoU with UAE’s Ithamr Capital for a month

2018-11-12 09:06:19 GMT (Economies.com)
 

Ahmed H. Fitaihi & Co. (AHFCO) announced on Monday it renewed a non-binding memorandum of understanding with UAE’s Ithmar Capital for a month till 11 December, using the same terms and conditions.

 

The company noted, in a filing to Tadawul, that there is no interest in the deal for board members or any related party.

 

The MoU was signed last July to explore the possibility of establishing a joint investment entity to be equally owned.

 

The MoU was scheduled to span for 4 months, commencing from 11 July and expiring on 1 November.

 

Fitaihi earlier posted a 96.7% decline in loss for the third quarter of 2018 to SAR 154,400, from net loss of SAR 4.6 million in the same period a year ago.

 

Financial results for the first nine months of 2018 showed SAR 14.97 million profit, compared with SAR 20.4 million net profit in the corresponding period of 2017.

 
 
 
  Symbol Last Change Chg.%
1.1322
0.0052
0.4627%
1.3321
0.0012
0.0864%
Tadawul
10810.60
-60.02
0.55%
22.814
-0.231
1.002%
67.504
-4.897
6.764%
71.20
-2.24
3.05%
1793.020
7.930
0.444%
 
 
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