| Element List | Explanation |
|---|---|
| Introduction | Al Taiseer Group Talco Industrial Co announces the latest developments regarding the signing of a memorandum of understanding with Al-Sharqia Aluminum Extrusion Factory Company. |
| Previous Announcement | Al- Taiseer Group TALCO Industrial Company announces the signing of a memorandum of understanding with Eastern Aluminum Extrusion Factory. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-02-12 Corresponding to 1447-08-24 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Al- Taiseer Group TALCO Industrial Company announces the appointment of alinma capital Financial Company as a financial advisor to complete the acquisition procedures and complete all studies and procedures to finalize the deal before signing the purchase agreement with the owners of Eastern Aluminum Extrusion Factory to purchase (60%) of the company’s capital shares after confirming the feasibility studies and determining the fair value of the company by the financial advisor to proceed with completing the necessary due diligence processes by TALCO advisors |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are still supplementary procedures for the event that will be mentioned in a later announcement upon completion of the event. |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | Any developments in this matter will be announced in due course. |
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