Fahd bin Saad Al Madbal signed a memorandum of understanding to acquire 65% stake in Scientific Company for Pharmaceutical Products Ltd from National Building & Marketing Co. (SASE:9510) for SAR 23 million on December 22, 2018. The financial impact of the agreement will be determined if a final sale agreement is signed. Fahd bin Saad Al Madbal completed the acquisition of 65% stake in Scientific Company for Pharmaceutical Products Ltd from National Building & Marketing Co. (SASE:9510) on December 30, 2018. Scientific Company for Pharmaceutical Products Ltd reported a book value of SAR 26.5 million as on September 30, 2018. National Building & Marketing Co. will use the sale proceeds for buying investment assets. The transaction will result in income statement’s loss of SAR 3.5 million for National Building & Marketing Co., in the fourth quarter of 2018.