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Nafooz to acquire 65% of Al-Ta'am Wafeer
Nafouz Food Products Company has signed an agreement to purchase a 65% stake in Al-Tayyam Food Corporation, with a potential value estimated at 55.95 million riyals. The acquisition aims to strengthen the company's presence in the healthy food sector, which has seen significant financial growth over the past three years; revenues increased from 23.96 million riyals in 2023 to 52.45 million riyals in 2025, and profits rose from 4.39 million to 7.14 million riyals during the same period. The completion of the deal is subject to meeting regulatory requirements and obtaining necessary approvals, with Nafouz leveraging its own resources to finance the transaction.
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