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.

Element List	Explanation
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.

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