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Related Companies
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Related Funds
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[]
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English
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oda_NoncurrentFinancialAssetAcquisitionAbstract|
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oda_UpdateAnnouncementFlag|
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Hayır (No)
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oda_CorrectionAnnouncementFlag|
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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-
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oda_DelayedAnnouncementFlag|
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Hayır (No)
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oda_AnnouncementContentSection|
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oda_BoardDecisionDateForAcquisition|
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04/12/2024
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oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForAcquisition|
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Yes
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oda_TitleOfNoncurrentFinancialAssetAcquired|
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Intelligent Industries LLC
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oda_FieldOfActivityNoncurrentFinancialAssetWhoseSharesWereAcquired|
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The design and production of protection and control panels for substations and automation of substations
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oda_CapitalOfNoncurrentFinancialAsset|
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250.000 AED
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oda_AcquirementWay|
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Satın Alma (Purchase)
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oda_DateOnWhichTheTransactionWasWillBeCompleted|
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-
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oda_AcquisitionConditions|
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Vadeli (Timed)
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oda_DetailedConditionsIfItIsATimedPayment|
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As per the fund generation power of company
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oda_NominalValueOfSharesAcquired|
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125.000 AED
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oda_PurchasePricePerShare|
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1 aed for each share
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oda_TotalPurchasingValue|
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125.000 AED
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oda_RatioOfNewSharesAcquiredToCapitalOfNoncurrentFinancialAsset|
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50
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oda_TotalRatioOfSharesOwnedInCapitalOfNoncurrentFinancialAssetAfterTransaction|
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50
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oda_TotalVotingRightRatioOwnedInNoncurrentFinancialAssetAfterTransaction|
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50
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oda_RatioOfNoncurrentFinancialAssetAcquiredToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
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0,0025
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oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
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0,0025
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oda_EffectsOnCompanyOperations|
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limited positive
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oda_DidTakeoverBidObligationArised|
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Hayır (No)
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oda_WillExemptionApplicationBeMadeIfTakeoverBidObligationArised|
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Hayır (No)
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oda_TitleNameSurnameOfCounterParty|
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Intelligent Global Construction (IGC)
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oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
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Hayır (No)
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oda_RelationWithCounterPartyIfAny|
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-
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oda_AgreementSigningDateIfExists|
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-
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oda_ValueDeterminationMethodOfNoncurrentFinancialAsset|
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-
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oda_DidValuationReportBePrepared|
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Düzenlenmedi (Not Prepared)
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oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
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Bargain
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oda_DateAndNumberOfValuationReport|
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-
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oda_TitleOfValuationCompanyPreparedReport|
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-
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oda_ValueDeterminedInValuationReportIfExists|
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-
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oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
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-
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oda_ExplanationSection|
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oda_ExplanationTextBlock|
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An agreement has been signed between our Company and Intelligent Global Construction (IGC) based in Abu Dhabi for the acquisition of 50% shares of Intelligent Industries LLC (Intelligent), an ICG group company.
Intelligent will activate in the design and production of protection and control panels for substations and energy facilities, automation of substations, design and production of control and monitoring systems in the Intelligent's facilities in Abu Dhabi.
In addition, within the scope of the agreement, a new company in which both parties will have 50-50% shares will be established in Abu Dhabi in order to operate in similar business lines due to local licensing requirements to operate in similar business lines.
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