{"id":17191,"date":"2017-09-13T14:11:15","date_gmt":"2017-09-13T11:11:15","guid":{"rendered":"http:\/\/www.amlak.net.sa\/?p=17191"},"modified":"2017-09-13T14:11:15","modified_gmt":"2017-09-13T11:11:15","slug":"%d8%b4%d8%b1%d9%83%d8%a9-%d8%a7%d9%84%d9%85%d9%85%d9%84%d9%83%d8%a9-%d8%a7%d9%84%d9%82%d8%a7%d8%a8%d8%b6%d8%a9-%d8%aa%d8%b9%d9%84%d9%86-%d8%a7%d8%b3%d8%aa%d8%ad%d9%88%d8%a7%d8%b0%d9%87%d8%a7-%d8%b9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/17191\/","title":{"rendered":"Kingdom Holding Company announces the acquisition of 16% shares of Banque Saudi Fransi"},"content":{"rendered":"<p dir=\"RTL\" style=\"text-align: justify; line-height: 18.15pt; background: white; direction: rtl; unicode-bidi: embed; margin: 0in 0in 6.5pt 0in;\"><b><\/b><span lang=\"AR-SA\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">\u00a0<\/span><span lang=\"AR-SA\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">Kingdom Holding Company announced that it has entered into a share purchase and sale agreement with Credit Agricole Corporate &amp; Investment to purchase 195,267,861 shares of the shares it holds in Banque Saudi Fransi, representing 16.2% of Banque Saudi Fransi's share capital, at a price of SAR 29.5 per share for a total amount of SAR 5,760,401,899.50<\/span><span dir=\"LTR\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">.<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: justify; line-height: 18.15pt; background: white; direction: rtl; unicode-bidi: embed; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0in 0in 6.5pt 0in;\"><span lang=\"AR-SA\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">The transaction will be funded by Kingdom Holding's existing liquidity and existing bank facilities<\/span><span dir=\"LTR\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">.<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: justify; line-height: 18.15pt; background: white; direction: rtl; unicode-bidi: embed; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0in 0in 6.5pt 0in;\"><span lang=\"AR-SA\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">The company emphasized that this transaction is in line with Kingdom Holding's activity and overall strategy. The transaction is expected to be completed during the second half of 2017 after completing the terms of the agreement and obtaining all necessary regulatory approvals from the competent governmental authorities.<\/span><span dir=\"LTR\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">.<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: justify; line-height: 18.15pt; background: white; direction: rtl; unicode-bidi: embed; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px; margin: 0in 0in 6.5pt 0in;\"><span lang=\"AR-SA\" style=\"font-size: 18.0pt; font-family: 'Arial','sans-serif'; color: #555555;\">Credit Agricole Corporate &amp; Investment will remain a strategic investor in Banque Saudi Fransi, alongside Kingdom Holding, and will continue to support Banque Saudi Fransi's activities and growth. The financial impact of the transaction is expected to start from the fiscal period following the closing of the transaction, and Kingdom Holding confirms that there are no related parties in the transaction. <\/span><\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>\u00a0\u0623\u0639\u0644\u0646\u062a \u0634\u0631\u0643\u0629 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0642\u0627\u0628\u0636\u0629 \u0639\u0646 \u0625\u0628\u0631\u0627\u0645\u0647\u0627 \u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0634\u0631\u0627\u0621 \u0648\u0628\u064a\u0639 \u0623\u0633\u0647\u0645 \u0645\u0639 \u0628\u0646\u0643 \u0643\u0631\u064a\u062f\u064a \u0623\u0643\u0631\u064a\u0643\u0648\u0644 \u0643\u0648\u0631\u0628\u0648\u0631\u064a\u062a \u0622\u0646\u062f \u0627\u0646\u0641\u0633\u062a\u0645\u0646\u062a \u0644\u0634\u0631\u0627\u0621 \u0639\u062f\u062f 195,267,861 \u0633\u0647\u0645 \u0645\u0646 \u0627\u0644\u0623\u0633\u0647\u0645 \u0627\u0644\u062a\u064a \u062a\u0645\u0644\u0643\u0647\u0627 \u0641\u064a \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0627\u0644\u0641\u0631\u0646\u0633\u064a \u0648\u0627\u0644\u062a\u064a \u062a\u0645\u062b\u0644 16.2% \u0645\u0646 \u0631\u0623\u0633 \u0645\u0627\u0644 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0627\u0644\u0641\u0631\u0646\u0633\u064a \u0628\u0633\u0639\u0631 29.5 \u0631\u064a\u0627\u0644 \u0633\u0639\u0648\u062f\u064a \u0644\u0643\u0644 \u0633\u0647\u0645 \u0628\u0645\u0628\u0644\u063a \u0625\u062c\u0645\u0627\u0644\u064a \u0642\u062f\u0631\u0647 5,760,401,899.50 \u0631\u064a\u0627\u0644 \u0633\u0639\u0648\u062f\u064a. \u0648\u0633\u064a\u062a\u0645 \u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0635\u0641\u0642\u0629 \u0639\u0646 \u0637\u0631\u064a\u0642 &#8230; <a title=\"Kingdom Holding Company announces the acquisition of 16% shares of Banque Saudi Fransi\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/17191\/\" aria-label=\"Read more about \u0634\u0631\u0643\u0629 \u0627\u0644\u0645\u0645\u0644\u0643\u0629 \u0627\u0644\u0642\u0627\u0628\u0636\u0629 \u062a\u0639\u0644\u0646 \u0627\u0633\u062a\u062d\u0648\u0627\u0630\u0647\u0627 \u0639\u0644\u0649 16% \u0645\u0646 \u0623\u0633\u0647\u0645 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0627\u0644\u0641\u0631\u0646\u0633\u064a\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":31545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[144],"tags":[],"class_list":["post-17191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mergers-acquisitions"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post 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