Amiantit signed a share purchase agreement with Deccan Enterprises

20/12/2017 09:00 AST

Amiantit signed a share purchase agreement with the Deccan Enterprises Ltd. (India) whereby Amiantit acquires from Deccan the minority shares of Amiantit Rubber Industries Co. Ltd. (ARIL) which operates in the rubber manufacturing industry. Amiantit is purchasing 20% of the shares of ARIL, thereby becoming the sole shareholder of this company, for a total consideration of SAR 1,800,000. The agreed effective date of the transaction is December 31, 2017. Since the consideration paid is lower than the book value of the shares purchased, the expected financial impact of the deal is a net increase in the Group's total shareholders' equity of about SAR 700,000. The deal is self-financed, and Amiantit will pay the agreed consideration amount upon finalization of required legal formalities.


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Amiantit Announces The Appointment Of The Chairman and Vice Chairman

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Amiantit announces that the elected Board of Directors has appointed on 1-1-2018 HH Prince Ahmad Bin Khaled Bin Abdallah Bin AbdulRahman Al Saud as Chairman and HRH Prince Abdulaziz Bin Mohammad Bin

Tadawul

Saudi Amiantit appoints new Deputy Chairman

17/09/2017

Saudi Arabian Amiantit Company announces the resignation of H.R.H Prince Turki bin Mohammad bin Fahd bin Abdulaziz Al-Saud as board member and Deputy Chairman (Non-Executive), H.R.H submitted his res

Tadawul

AMIANTIT ANNOUNCES NON-CONVENING IT'S ORDINARY GENERAL ASSEMBLY

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Saudi Arabian Amiantit Co. announces that it's Ordinary general assembly meeting was not convened due to lack of quorum, which was scheduled to be held on 15-03-2015 Company's head office at the 1st

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