Filling & Packing Materials MFG. Co. (FIPCO) announces completion of all regulatory procedures related to acquisition of full minority shareholding in its subsidiary (FPC Industries Co.)
|Announcement Detail||Further to FIPCO announcement published on Tadawul website on 7th of Rajab 1441H corresponding to Mar. 02, 2020 relating to the signing of acquisition agreement to acquire the full minority shareholding of (Eirad Investment Co.) in its subsidiary (FPC Industries Co.)
FIPCO is pleased to announce the completion of the Transaction and satisfying all of the regulatory approvals related to the Transaction on 3rd of Ramadan 1441 corresponding to Apr. 26, 2020 including the execution of the reinstated articles of association of FPC before the notary public to reflect the ownership of FIPCO of the entire shareholding in FPC.
Accordingly, FPC is a limited liability company, fully owned by FIPCO, and all CRs and official documents are updated.