Maharah’s subsidiary extends MoU to buy 40% of Salis for Trading

02/03/2022 Argaam

Logo of Maharah Human Resources Co.

Maharah Human Resources Co.’s wholly-owned subsidiary, Growth Avenue Investment Co., extended the memorandum of understanding (MoU) signed earlier to acquire a 40% stake in Salis for Trading and Marketing Co. (Soror.app) by three months until June 1, 2022.

 

Both parties need more time to work on the due diligence process, which is 75% complete, Maharah said in a statement to Tadawul.

 

In November 2021, Growth Avenue signed a three-month MoU to acquire 40% of Salis for Trading and Marketing, which owns Soror application.

 

Soror is an on-demand home services application specialized in the household, personal, automotive and other variety of home services.

 

For More Mergers and Acquisitions

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