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Arabian Centres, Alhokair ink deal to buy 51% of e-commerce platform for SAR 138 mln 03/03/2021 Argaam The signing of the acquisition agreement Arabian Centres Co. and Fawaz Abdulaziz Alhokair Co. signed an agreement to acquire 51% of an e-commerce platform for SAR 138 million.   Arabian Centres signed a share purchase agreement to buy 39,250 shares, or 25.5% of VogaCloset Ltd. for a total consideration of $18.36 million (SAR 68.85 million), the company said in a joint statement. Under the deal, ACC will acquire a total of 13,600 shares of VogaCloset’s outstanding shares and will inject $12 million (SAR 45 million) in additional capital.   Alhokair will also buy 39,250 shares of VogaCloset’s outstanding shares, translating to an ultimate ownership of 25.5% of VogaCloset after raising its capital.

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