Saudi Industrial Services Company (Sisco) is acquiring 31.7% direct equity stake in Green Dome Investments from its subsidiary Saudi Trade & Export Development Company (LogiPoint) at fair value totalling SR44.5 million ($12 million).
Saudi Industrial Services Company (Sisco) is acquiring 31.7% direct equity stake in Green Dome Investments from its subsidiary Saudi Trade & Export Development Company (LogiPoint) at fair value totalling SR44.5 million ($12 million).
Saudi Trade and Export Development Co. (LogiPoint) has acquired Elite Group through Green Dome Investments LLC, according to a bourse filing by its parent Saudi Industrial Services Co. The transaction was concluded on Nov. 25, with LogiPoint’s investment in Green Dome valued at SR58 million ($15 million). SISCO expects the impact of the transaction to be shown in the