Riyadh – Saudi Arabia-based BATIC Investment and Logistics Company (BATIC) on Sunday announced the termination of two agreements to fully acquire Al Muhaidib Land Transport Co. and Himmah Logistics Company.

The stock-swap deals were cancelled based on the request of the parties, according to BATIC’s statement to the Saudi Stock Exchange (Tadawul).

BATIC also revealed the termination of the acquisition deal of a minority stake in Arabian Security & Safety Services Co. Ltd (AMNCO) through raising the company’s capital by issuing shares to selling shareholders.

The acquisition deals, signed in April 2018, were extended two times before their termination on Sunday.

 

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