premargin

Element List	Explanation
Introduction	With reference to the announcement of Rasan Information Technology Company published on Tadawul on 26 Sha’ban 1446H corresponding to 25 February 2025 regarding the Non Binding Memorandum of Understanding signed on 25 Sha’ban 1446H corresponding to 24 February 2025 with Holoul Financing for Financial Technology (a Limited Liability Company) with the aim of acquiring a 55% ownership stake in Holoul Financing for Financial Technology Co. Rasan Information Technology Co announces the termination of the non-binding agreement by mutual consent between the two parties, due the inability to reach a final agreement.
Previous Announcement	Rasan Information Technology Company announcement of signing the non-binding Memorandum of Understanding (MoU) dated 25 Sha’ban 1446H, corresponding to 24 February 2025, with Holoul Financing for Financial Technology (a Limited Liability Company) with the aim of acquiring a 55% ownership stake in Holoul Financing for Financial Technology Co
Date of Previous Announcement on Saudi Exchange’s Website	2025-02-25 Corresponding to 1446-08-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Following the receipt of the preliminary reports from the technical due diligence, the two parties agreed to terminate the agreement.
Reasons For The Delay on The Date of The Event Previously Announced	Not Applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	An amount of SAR 270,000 representing the costs of due diligence advisors for the technical, financial, and legal areas.