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Nafoos to acquire 65% of Al-Ta'am Wafeer
Nefouh Food Products Company announced the signing of an agreement to acquire a 65% stake in Al-T'am Al-Wafir with a total cost exceeding 55 million riyals, aimed at strengthening its position in the healthy food sector and diversifying its investments. The deal includes a fixed payment of 52.70 million riyals, with a conditional amount of up to 3.25 million riyals depending on achieving financial targets for the fiscal year 2027. Financial statements for Al-T'am Al-Wafir show sustainable growth in profits and revenue over the past three years, with revenue rising from 23.96 million riyals in 2023 to 52.45 million riyals in 2025, and profits increasing from 4.39 million riyals to 7.14 million riyals during the same period. The completion of the transaction remains subject to regulatory approvals, and this investment aims to expand the company's operations and develop its products in the healthy food sector.
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