Maharah for Human Resources Company (SASE:1831) signed a non binding memorandum of understanding to acquire a 90% stake in Spectra Support Services, LLC on December 13, 2020. Maharah for Human Resources Company (SASE:1831) signed an agreement to acquire a 90% stake in Spectra Support Services, LLC on April 11, 2021. The transaction is subject to completion of financial and legal due diligence and obtaining required approvals, Board of Directors of Maharah for Human Resources Company's approval, General Assembly approval, and other relevant approvals. KPMG Al Fozan & Partners Certified Public Accountants acted as an accountant to Maharah for Human Resources Company. The transaction is expected to close on June 30, 2021.

Maharah for Human Resources Company (SASE:1831) completed the acquisition of 90% stake in Spectra Support Services, LLC for SAR 17.1 million in trade payables on August 4, 2021. Maharah and Spectra also entered into a settlement agreement where the selling parties would waive the acquisition transaction value in return for the listed firm to capitalise in Spectra's paid-up capital an equal amount from the debt owed by Spectra to Maharah.