Al Madina Investment Company SAOG (MSM:AMII) agreed to acquire remaining 29.91% stake in Shaden Development SAOC for OMR 0.62 million on December 2, 2021. Pursuant to the terms, Al Madina Investment Company issued 10.94 million shares as consideration. The transaction is approved by the board of Al Madina Investment Company SAOG and is subjected to its shareholders approval. As of December 22, 2021, shareholder meeting is rescheduled and will now be held on December 26, 2021. As of December 26, 2021, the transaction is approved by shareholders of Al Madina Investment Company.