Fitaihi Holding Group signed today a memorandum of understanding (MoU) with Dubai-based Ithmar Capital Partners to explore a potential equally-owned joint venture, the Saudi firm said in a statement to Tadawul.

 

The renewable MoU expires on Nov. 10, 2018, the statement said.

 

If both parties decide to go ahead with this partnership, the value of the JV will be determined after conducting the feasibility study and due diligence.

 

This cooperation is subject to obtaining regulatory approvals.

 

The agreement is not expected to have any financial impact on the company, and any further developments will be revealed as they occur, it added. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request