Follow up announcement by MUBARRAD

16/06/2013 09:14 AST

This is a follow up announcement made by the Saudi Transport and Investment Company- MUBARRAD on the Tadawul Website on 01/04/1434 corresponding to 11/02/2013.

The Saudi Transport and Investment Company- MUBARRAD announces its approval to the request submitted by the Beautiful Home Contracting Company in extending the duration of the Memorandum Of Understanding (MOU) for a further period of three months commencing 08/08/1434, corresponding to 17/06/2013 until 03/01/1435, corresponding to 06/11/2013; and to exempt Drake and Skull Construction Company at their request from offering investment, development, and exploring new opportunities on the land owned by the Saudi Transport and Investment Company-MUBARRAD located at Qadisiyya, east of Riyadh City. In addition, the Saudi Transport ad Investment Company- MUBARRAD affirms the absence of any conflict of interest within the parties involved in relation with the Memorandum of Understanding (MOU).


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