Regulatory Approval for Nofouz's 65% Al-Team Wafeer Purchase
The Saudi Competition Authority announced its non-objection to the completion of the acquisition of Nafoor Food Products Company’s 65% share by Al-Tamouh Al-Mutahida Company, following the issuance of the decision on September 1, 2026. This decision comes after the company announced on August 19, 2026, its intention to purchase the stake. The completion of the deal remains subject to fulfilling remaining legal requirements and regulatory procedures, with the company continuing to announce any significant developments regarding the final transfer of the shares.
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