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Lana Company announces the signing of a memorandum of understanding with Solar Laser Systems Company in Belarus, which specializes in manufacturing laser devices, to acquire a 50% stake.
| Element List | Explanation |
|---|---|
| Introduction | Lana Company announces the signing of a memorandum of understanding with Solar Laser Systems Company in Belarus, which specializes in manufacturing laser devices, to acquire a 50% stake. |
| Memorandum Signing Date | 2024-05-06 Corresponding to 1445-10-27 |
| Counterparty | solar laser systems |
| Memorandum Subject | Acquisition of 50% of Solar Laser Systems Company |
| Memorandum Duration | This memorandum begins from the date of its signing for a period of three months and ends at its end or with the signing of a binding agreement |
| Related Parties | nothing |
| Financial Impact | nothing |
| Additional Information | Solar Laser Systems is distinguished by its specialization in laser industries, most notably medical lasers Lana works as an agent for Solar Laser Systems for medical laser devices in the Kingdom of Saudi Arabia from 2015 until now. As well as other industries of the Solar Laser Systems Company 1- Educational laser 2- Military laser 3- Industrial laser The company is more than 30 years old in the field of industry and its headquarters are located in Belarus. Its devices are used in more than 25 countries around the world and it is considered a leader in the field of laser industries, which is witnessing great development globally. The goal of the acquisition is to transfer industry and technologies to the Kingdom of Saudi Arabia, in line with Saudi Vision 2030. This memorandum represents an extension of Lana’s strategy by entering into profitable alliances and partnerships locally, regionally and globally with the aim of advancing Lana’s position, maintaining its leadership position and enhancing its market share. The conclusion of the proposed transaction is subject to the completion of the financial and legal due diligence process and then the negotiation of the signing of a binding agreement The potential acquisition will be funded internally from Lana's liquidity |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 40.0
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