SALD Investment LLC signed a share purchase agreement to acquire BIC Contracting LLC from CIMIC Group Limited (ASX:CIM) and Riad al-Sadik on February 15, 2021. SALD Investment LLC is acquiring 45% stake in BIC Contracting LLC from CIMIC Group Limited and the remaining 55% stake Riad al-Sadik, for a nominal amount. On completion, SALD Investment LLC will own all BICC’s businesses in the UAE, Qatar, Oman and Saudi Arabia. The transaction is subject to satisfaction of certain conditions precedent and obtaining all necessary approvals. The financial impact of the transaction to CIMIC is already included in the one-off post-tax impact to CIMIC’s 2019 financial statements announced on January 23, 2020. HSBC Bank Australia Limited and Moelis & Company acted as financial advisor to CIMIC Group Limited.