| Element List | Explanation |
|---|---|
| Introduction | Advance International Company for Communication and Information Technology is pleased to announce the signing of an agreement to acquire a 25% stake in the capital of Sign Max Advertising Company on 28/07/2025 with the company’s owners. The total value of the transaction amounted to 3,000,000 Saudi Riyals (Three Million SAR). |
| Transaction Details | Acquisition of a 25% stake in the capital of Sign Max Advertising Company and the transfer of ownership of these shares to the name of Advance International Company for Communication and Information Technology. |
| Transaction Amount | Three million Saudi Riyals SAR 3,000,000 |
| Transaction Conditions | None. |
| Parties of the Transaction | Seller: 1- Sign Max Advertising Free Zone LLC 2- Techno Mic Group Limited Company Buyer: Advance International Company for Communication and Information Technology |
| Transaction Financing Method | Through the company’s own resources. |
| Date of Entering Into The Transaction | 2025-07-28 Corresponding to 1447-02-03 |
| Description of Activity of The Asset Subject of The Transaction | Advertising industry sector, organizing and preparing exhibitions and conferences, and advertising billboards. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | No audited financial statements are available for the past three years as the company is new to the Saudi market. |
| Transaction reasons | To achieve the company’s strategic objectives aimed at enhancing its presence in the advertising industry sector, organizing and preparing exhibitions and conferences, and digital marketing, as well as to expand the business base of Advance International Company for Communication and Information Technology by capitalizing on the growing opportunities in the sector according to the company’s strategic plans. Sign Max is considered one of the major companies in its sector, possessing global expertise in this field, as well as owning a specialized factory for preparing and organizing exhibitions and conferences. This sector is regarded as one of the promising sectors in the Saudi market in particular and the Gulf region in general. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact of this transaction is expected to be reflected starting from the second half of the fiscal year 2025. |
| Related Parties | None. |
| Additional Information | The company would like to clarify that Sign Max Advertising Company is a subsidiary of a parent entity based in the State of Qatar, with extensive experience and a proven track record in the advertising industry and organizing exhibitions and conferences. This investment is expected to contribute to strengthening the company’s presence in the Saudi market and creating added value through the transfer of operational expertise and knowledge. |