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Nufudh Withdraws Ibex Bid
Nufudh Food Products Company has decided not to proceed with the potential acquisition of a 70% stake in Al-Wa’l Al-Bari Beverage Services Company, as the parties failed to reach an agreement on completing the transaction. On June 28, 2026, Nufudh had signed a non-binding memorandum of understanding to study the acquisition. It said that withdrawing from the proposed deal is not expected to have a material financial impact, since no definitive binding agreement was signed.
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