Abdullah Al Othaim Markets Co. — M&A Activity 2025

Mar 2, 2025

Abdullah Al Othaim Markets Company” The Company” Announces the signing of a non-binding Memorandum of Understanding to acquire a %51 stake in the capital of Ebdaa Al Qasr Marketing “LLC”.

4001 · 02/03/2025 07:40:43 · Announcement #85502 · View on Saudi Exchange

Abdullah Al Othaim Markets Company” The Company” Announces the signing of a non-binding Memorandum of Understanding to acquire a %51 stake in the capital of Ebdaa Al Qasr Marketing “LLC”.

Element List	Explanation
Introduction	The Company has signed a non-binding Memorandum of Understanding for the purpose of acquiring a %51 stake in the capital of Ebdaa Al Qasr Marketing “LLC”, which is engaged in the food and consumer goods in retail sector and operates (11) branches in Jeddah and Riyadh cities under the trade name "Manuel".
Memorandum Signing Date	2025-02-27 Corresponding to 1446-08-28
Counterparty	Mr. Abdulilah Ahmed Al-Darwish

Messrs. Al-Musbah Global Trading Company Limited Memorandum Subject The Company has acquired a %51 stake in Ebdaa Al Qasr Marketing Company. The final decision to purchase the stake is contingent upon share valuation, completion of due diligence, and obtaining the necessary approvals from the competent authorities. Memorandum Duration 90 days (renewable for similar period) Related Parties None Financial Impact The financial impact could be determined after signing the share purchase agreement. Additional Information This memorandum does not create any legally binding obligation until the final signing of the share purchase agreement. Any developments in this regard will be announced.

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