National Building and Marketing Co. (SASE:9510) signed a memorandum of understanding to acquire a 50% stake in Saudi German Co. for approximately SAR 200 million on February 13, 2020. The memorandum of understanding is valid for three months. On June 8, 2020, the memorandum of understanding was extended until September 7, 2020. On September 20, 2020, the memorandum was extended until December 7, 2020. As on December 20, 2020, the memorandum of understanding was extended until March 20, 2021. National Building and Marketing Co. (SASE:9510) cancelled the memorandum of understanding to acquire a 50% stake in Saudi German Co. on March 16, 2021. The deal is cancelled due to lack of agreement between parties.