Riyadh – Mubasher: Al Mommar Information Systems (MIS) signed a deal to acquire 75% of the shares of Egypt-based Fingerprint Consultancy.
The company is currently completing all the relevant legal paperwork, according to a statement to the Saudi Stock Exchange (Tadawul) on Sunday.
The deal is forecast to be financed by the Saudi firm’s cash flows from operations.
In November 2019, MIS signed a memorandum of understanding (MoU) with Fingerprint Consulting to explore the possibility of acquiring 75% of the company’s shares.
