| Introduction |
Al-Babtain Power and Telecommunication Company announces the signing of a binding share purchase agreement on 03 /10/2025 with Metalogalva – Irmãos Silva S.A. to acquire all of its Portuguese partner’s shares in Al-Babtain Metalogalva Ltd Company for a total value of SAR 8,520,000.
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| Transaction Details |
Al-Babtain Power and Telecommunication Company and the Portuguese company Metalogalva – Irmãos Silva S.A. have agreed that Al-Babtain Power and Telecommunication Company will acquire all of the shares of Metalogalva – Irmãos Silva S.A. amounting to 8,520 shares and representing 40% of the share capital in Al-Babtain Metalogalva Ltd., thereby Al-Babtain Power and Telecommunication Company will become the sole owner of 100% of the share capital of Al-Babtain Metalogalva Ltd Company.
Both parties have agreed to determine the value of the 8,520 shares representing 40% stake of the share capital of Al-Babtain Metalogalva Ltd Company based on equity rights as reflected in the latest audited financial statements.
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| Transaction Amount |
SAR 8,520,000.
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| Transaction Conditions |
Completion of the transaction under the share purchase agreement is subject to the signing and notarizing of the amended articles of association of Al-Babtain Metalogalva Ltd Company at the Saudi Business Center reflecting the transfer of shares to Al-Babtain Power and Telecommunication Company and issuance of an updated commercial registration. Al-Babtain Power and Telecommunication Company will also initiate procedures to convert the status of Al-Babtain Metalogalva Ltd into a national single-shareholder limited liability company, cancel the registration of Al-Babtain Metalogalva Ltd at the Ministry of Investment and remove all references to the name “Metalogalva”.
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| Parties of the Transaction |
Al Babtain Power and Telecommunication Company and Metalogalva – Irmãos Silva S.A.
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| Transaction Financing Method |
The transaction will be financed through the internal resources of Al-Babtain Power and Telecommunication Company and available financial facilities.
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| Date of Entering Into The Transaction |
2025-10-03 Corresponding to 1447-04-11
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| Description of Activity of The Asset Subject of The Transaction |
Al-Babtain Metalogalva Ltd Company is working in the design and production of steel structures which are used in solar energy activities.
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| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction |
Financial results of Al Babtain Metalogalva Ltd :
Revenus : SR
2022 : 212,706,490
2023: 294,025,765
2024: 414,026,889
Net profits (loss): SR
2022: (5,474,643)
2023: 3,717,554
2024: 15,654,154
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| Transaction reasons |
This acquisition is considered part of the strategy of Al-Babtain Power and Telecommunication Company for operational integration and it opens additional prospects for growth, increased revenues, and cash flows.
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| Expected Impact of the Transaction on the Company and Its Operations |
Al-Babtain Power and Telecommunication Company expects the financial impact of the transaction to be positive and reflected in the company’s results for the year 2025.
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| Related Parties |
The Portuguese company Metalogalva – Irmãos Silva S.A. holds a 75% stake in the share capital of Petitjean SAS, a French legal entity, in which Al-Babtain Power and Telecommunication Company owns the remaining 25%.
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