Tharwah appoints new financial advisor for Amjad Watan acquisition
Altharwah Albashariyyah Co.'s (Tharwah) board of directors decided to terminate the engagement with Mekyal Financial Technologies Co., the company said in a statement to Tadawul.
The board approved the appointment of Qima Financial Co. as the new financial advisor to oversee the acquisition of Amjad Watan for Exhibitions and Conferences Management (a sole proprietorship) and related procedures.
Any material developments will be announced in due course, the statement added.
According to data available with Argaam, Tharwah signed, on April 17, a binding and conditional acquisition and subscription agreement with Amjad Watan to acquire 100% of the company's shares.
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