| Element List | Explanation |
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| Announcement Detail | Almarai Company (“the Company”), is pleased to announce that on 31st December 2018, the Company has completed the sale of all its Shares in United Farmers Holding Company (“UFHC”) which represent 33.0% of the paid up capital, to Saudi Agricultural and Livestock Investment Company (“SALIC”), one of the founding partners of UFHC, for an aggregate amount of 28 million USD equivalent to SAR 105 million, after obtaining all the necessary regulatory and legal approvals. |
The financial impact of this transaction will be effective in the 4rth Quarter of 2018 results, which is not material to the Company’s financial statements. The proceeds from this transaction will be used to support the Company's business and investments.
The Capital Market Authority and Saudi 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.