Investor Presentaiton
Overview of the proposed transaction and key terms
1
2
TRANSACTION STRUCTURE
FINANCIAL TERMS
3
SHAREHOLDERS POST-
TRANSACTION
4
GOVERNANCE
5
REQUIRED APPROVALS
Notes: 1 Based on Taiba's closing price as of April 6, 2023
Stock-for-stock transaction between Taiba and Dur, with Taiba to buy 100% of Dur's shares in exchange for newly issued shares in Taiba
Dur delists and becomes a closed joint stock company wholly owned by Taiba
طيبة للاستثمار
TAIBA INVESTMENTS
J9JUR
A final exchange ratio of 1.00 share in Taiba for each share in Dur was agreed, corresponding to a total of 100,000,000 new shares issued to Dur shareholders, valuing Dur at
SAR 2,950mm1
The exchange ratio implies a premium to Dur shareholders of 22.5% vs. the closing share price of Dur on 6 April 2023 (the last business day prior to the announcement of the
implementation agreement signing)
Taiba and Dur shareholders to own 62% and 38% of the combined company respectively
Assila Investment Company and Muhammad bin Ibrahim Al-issa will remain the majority shareholder with a pro forma ownership (following Taiba's acquisition of Dur) of 21%
and 9% respectively
At least one third of the combined board after the acquisition will comprise of Dur nominees
An integration committee is composed to plan and strategize the integration (subject to board approval)
Approval of GAC (General Authority For Competition), CMA (Capital Market Authority), the Saudi Exchange, and Shareholders' approvalView entire presentation