December 27, 2017 / 5:56 AM / a month ago

BRIEF-Taiba Holding Signs New Agreement to Buy 0.326 PCT Stake in ARAC

Dec 27 (Reuters) - TAIBA HOLDING CO:

* SIGNS NEW CONDITIONAL AGREEMENT WITH SOME SHAREHOLDERS TO BUY THEIR STAKE OF 0.326 PERCENT IN ARAB RESORT AREAS (ARAC)AGAINST ISSUING NEW SHARES IN COMPANY

* NEW AGREEMENT IS PART OF ACQUISITION AGREEMENTS SIGNED EARLIER WITH MINORITY SHAREHOLDERS OF AL-AQEEQ AND ARAB RESORT AREAS Source text for Eikon: Further company coverage: )

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