M&A WATCH-

Nomu-listed Osool and Bakheet Investment Company signed a waiver agreement with Samia and Abdulrahman Al Yahya, cancelling the 10-year preferential terms granted upon selling their shares to the company last year in the Advanced Operations Technology Company acquisition, it said in a Tadawul disclosure yesterday.

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BACKGROUND- Osool and Bakheet acquired a 51% stake in Advanced Operations Technology Company for SAR 5.1 mn under a purchase agreement in July 2024, after granting Al Yahyas preferential terms for 10 years, including giving subscription rights of SAR 2 mn for Samia and of over SAR 3.3 mn for Abdulrahman, with both buying the company’s shares upon being listed at a 20% decrease of the offering price.

CAPITAL MARKETS-

The Middle East FinancialInvestment Company received the Capital Market Authority’s approval for the public offering of its Mefic Capital Murabaha Fund, the authority said in a statement on Monday.

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