Naseej International Trading Company (SASE:1213) signed a non-binding memorandum of understanding to acquire Etmam Arabian Real Estate Development Company on March 28, 2024. The consideration will be paid in exchange for the issuance of new shares. The transaction is subject to signing of the final binding agreement, including obtaining all the required regulatory approvals and the approval of the extraordinary general assembly of the Naseej International on the transaction.