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Element List	Explanation
Introduction	Advance International Company for Communication and Information Technology (AICTEC) is pleased to announce the signing of a Memorandum of Understanding (MoU) on June 26, 2025, with Sign Max Advertising Company. The MoU outlines AICTEC’s intention to acquire a 25% equity stake in Sign Max for a total consideration of SAR 3,000,000. This strategic move aims to strengthen AICTEC’s presence in the advertising industry, as well as in the organization and preparation of exhibitions and conferences, and digital marketing services. Sign Max is recognized as one of the leading companies in its sector, boasting international expertise and operating a specialized manufacturing facility dedicated to exhibition and conference production and organization. This sector is considered one of the most promising markets in both the Saudi and Gulf regions.
Memorandum Signing Date	2025-06-26 Corresponding to 1447-01-01
Counterparty	Signmax Advertising Limited Co
Memorandum Subject	Signing of a binding Memorandum of Understanding for the acquisition of a stake in Sign Max, a company specialized in organizing and managing exhibitions, conferences, advertising, and public relations.
Memorandum Duration	3 months from the date of signing.
Related Parties	N/A
Financial Impact	There is currently no financial impact. Any subsequent material developments will be announced in due course.

Advance International Company for Communication and Information Technology announces signing a Memorandum of Understanding with Signmax Advertising Limited Co