EFG Hermes advises Budget Saudi's $121m acquisition of AutoWorld through a share swap with SEDCO Holding.
EFG Hermes, a leading investment bank, advised United International Transportation Company (Budget Saudi) on its $121m acquisition of Al-Jazira Equipment Company (AutoWorld). Budget Saudi will acquire 100% of AutoWorld by issuing 7.0 million new shares to SEDCO Holding in a share swap at SAR 65 per share. This deal marks a significant milestone in the mobility solutions sector in Saudi Arabia.
July 21, 2024
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