National Building and Marketing Co. (SASE:9510) signed a memorandum of understanding to acquire Etihad Al Kharj Metal Casting Co for SAR 20 million on February 13, 2020. The memorandum is valid for 3 months from the signing date. On June 7, 2020, the memorandum of understanding was extended until September 7, 2020. As of September 20, 2020, the memorandum was extended until December 7, 2020.