Batic Investment and Logistics Company (SASE:4110) signed a purchase agreement to acquire additional 4% stake in Smart Cities Solutions Company from Smart Solutions Co. Ltd for SAR 12 million on January 13, 2022. The purchase will be financed from Batic's available cash resources. The transaction is subjected to the approval of Competition authorities.

Batic Investment and Logistics Company (SASE:4110) completed the acquisition of additional 4% stake in Smart Cities Solutions Company from Smart Solutions Co. Ltd on June 16, 2022.