Nofou Gains Majority in Al-Taaam

Nofuh Food Products Company announced the issuance of a decision by the Competition General Authority, which has no objection to its acquisition of a 65% stake in "Al-Taaam Al-Wafeer" company. This decision, issued on September 1, 2026, follows the company's announcement on August 19 regarding a sale and purchase agreement that includes this acquisition, contingent upon the fulfillment of remaining regulatory conditions and the completion of the necessary procedures for transferring ownership. The deal remains subject to final official procedures, and any significant developments related to it will be announced accordingly.