Anam Holding to acquire 51% stake

Al Anam International Group Holding Company announced the signing of a non-binding Memorandum of Understanding with Masar Al-Ula Commercial Company to explore a potential acquisition of up to 51% of the company's capital. The goal is to develop the restaurant and food sectors. The final transaction value will be determined after financial evaluation, and the deal remains subject to the completion of due diligence covering financial, legal, and operational aspects, with a focus on supporting the growth of the branch network and achieving operational efficiency. This step is part of the company's strategy to diversify its business and capitalize on opportunities in the food and restaurant sector.

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