Farm Superstores [4006.SE] announced that its chairman, Hazem Al Aswad, has paid a total of SAR40mn of dues related to the sale of the Lebanon’s subsidiary, with the remaining balance of SAR29mn to be received before 2019-end. The sale of the Lebanese subsidiary was approved at the OGM in Nov 2018 for a total consideration of cSAR115.9mn, of which cSAR55.9mn was paid upon the completion of the purchase, while the remaining amount was initially planned to be paid in two equal instalments, in Oct 2019 and Oct 2020. 
 
Saudi Marketing (Farm Superstores): SAR15.56 as of 30 Sep. 2019, Rating: Neutral, TP: SAR21.50/share, MCap: USD187mn, SMARKETI AB/4006.SE