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Nuwwod finalizes 65% stake in Al-Ta'am Al-Wafeer
Nawaf Food Products Company announced the completion of its acquisition of 65% of Al-Ta'am Al-Wafer Company’s capital after obtaining all necessary regulatory approvals, including the No Objection Letter from the General Authority for Competition. The ownership of the shares was transferred and registered in favor of Nawaf on October 5, 2026, in accordance with the planned schedule. The financial impact of the deal will be reflected in the company's financial statements once the results of the acquired company are consolidated, without any change to the previously announced financial consideration.
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