Riyadh – Mubasher: Al Moammar Information Systems (MIS) has cancelled its previously-signed agreement to buy 75% of the capital of Fingerprint Consulting Company and its partners.
The decision comes in light of the logistical challenges caused by the coronavirus pandemic that impeded the completion of required procedures during the agreed-upon period, according to a bourse statement on Thursday.
The decision was reached by mutual agreement of the two parties and will have no material effect on MIS' financial position.
On 29 March, MIS inked a deal to take over 75% of the shares of Egypt-based Fingerprint Consultancy.
