What aspects of cooperation will be available to both Elm and Tabadul?
The transaction is likely to result in significant synergies while unlocking potential growth opportunities and expediting the overall strategic objectives of the two entities. Besides, Elm and Tabadul will have an opportunity to leverage complementary strengths, enhance competitiveness and expertise to create a one-stop-shop that will cater to the entire logistics value chain in the Kingdom.
What does the acquisition mean for the two companies?
Upon closing, Tabadul will become wholly owned by Elm, preserving its brand and identity. Tabadul’s current executive management will continue to lead its operations.
Will the board of Tabadul company change?
The board and the committees formed by it will continue to operate their business till finalizing the acquisition procedures. Upon closing, Elm can make any necessary adjustments with the General Assembly of Tabadul.
Why did Elm acquire Tabadul?
This acquisition will add to the value of the Public Investment Fund by providing an integrated entity that focuses on the digital sector. Also, it creates advanced national logistical services that are aligned with the current market requirements and the need of beneficiaries, as well as facilitating innovation by taking advantage of Elm expertise to develop Tabadul products in the logistical field. Moreover, it will reduce costs while creating satisfactory economic revenues.
Does the transaction mean merger between Elm and Tabadul?
No. of course not. Under this agreement, Tabadul will continue to operate as an independent company, under its trademark whose ownership has been transferred to Elm.