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.