Anaam International Signs MoU for 51% Stake in Masar
Anaam International Holding Group (4061) signed a non-binding MoU to acquire up to 51% of Masar Al-Ola Trading Company, owner of the Hashikom restaurant chain, through a share-for-share exchange. The transaction value will be determined by licensed valuators, subject to due diligence.
Key Numbers
Anaam International Holding Group (4061) announced the signing of a non-binding Memorandum of Understanding with Masar Al-Ola Trading Company, owner of the "Hashikom" restaurant chain, to explore the potential acquisition of up to 51% of Masar's shares. The deal will be executed via a share-for-share exchange, with the transaction value to be determined by licensed valuation companies.
Deal Details
| Item | Detail |
|---|---|
| Acquirer | Anaam International Holding Group (4061) |
| Target | Masar Al-Ola Trading Company (Hashikom chain) |
| Stake | Up to 51% |
| Payment | Share swap |
| Duration | 180 days |
| Status | Non-binding, subject to due diligence |
Rationale
The acquisition aims to diversify Anaam's business into the food and restaurant sector, capitalizing on Hashikom's strong growth. The chain's sales increased from SAR 47 million to SAR 90 million by end-2025.
Regulatory Hurdles
The deal is subject to completion of financial, legal, and operational due diligence, as well as necessary regulatory approvals. No specific approvals have been disclosed yet.
Impact on Shares
Anaam's stock is expected to remain under watch until due diligence and valuation results are announced. Any delay or failure to close the deal could negatively impact the share price.
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