RIYADH: Saudi Batic Investment and Logistics Co. has extended a sale and purchase agreement to acquire 35.8 percent equity in Smart Cities Solutions for Communications and Information Technology for one month until Sept. 30.
The listed company aims to purchase Smart Parking Holding Co.’s stake in Smart City Solutions, according to a bourse filing on Wednesday.
Batic announced last week its capital restructuring by transferring its indirect ownership in Smart Cities Solutions for Communications and Information Technology, through the acquisition of all its shares owned by its subsidiary Arabian Company for Security and Safety Solutions.
