Raoom Trading Co. — M&A Activity 2025

Sep 9, 2025

Raoom Trading Co. announces signing a Memorandum of Understanding with Mohrkey Trading Company (a limited liability company)

4144 · 09/09/2025 15:59:36 · Announcement #90094 · View on Saudi Exchange

Raoom Trading Co. announces signing a Memorandum of Understanding with Mohrkey Trading Company (a limited liability company)

Element List	Explanation
Introduction	Raoom Trading Company ( “ The Company”) announced the signing of a non-binding preliminary memorandum of understanding to acquire 51% of the ownership shares of Mohrkey Trading Company (“Mohrkey”), which specializes in the development and operation of fuel stations, as well as the provision of quick and light maintenance services and car wash services.

Mohrkey manages a growing network of more than 35 centers under its own brands and in partnership with several leading global brands in this sector. Mohrkey operates and manages more than 14 centers under the Valvoline Express Care brand, with expansion plans to open new locations across various regions of the Kingdom, aiming to reach more than 60 centers by the end of this year, in line with the rapid growth of the automotive services sector.

Mohrkey’s operations extend through its operational arm, Mohrkey Fuel Stations Company, which manages and operates fuel stations and supermarkets under the franchise system of major international brands. It pursues strategies aimed at strengthening its presence and doubling its market share by offering innovative solutions and integrated customer experiences.

This expansion is further supported by the Mohrkey’s development arm, United Contemporary Standards for Development and Real Estate Investment (Energix Development), which leads real estate and investment development activities. It focuses on creating integrated solutions that enhance the infrastructure of the automotive services and fuel stations sector in line with the highest modern standards. The company has also established the first real estate fund worth SAR 1 billion, in collaboration with one of the leading financial companies, to develop and build fuel stations that meet global specifications and standards.

Introduction Memorandum Signing Date 2025-09-09 Corresponding to 1447-03-17 Counterparty Mohrkey Trading Company (a limited liability company) Memorandum Subject A preliminary, non-binding Memorandum of Understanding has been signed between Raoom Trading Company and Mohrkey Trading Company (Limited Liability Company) for the purpose of acquiring 51% of the equity interest in Mohrkey Trading Company (Limited Liability Company).

The final decision to proceed with the purchase of the shares is subject to the company’s valuation, the completion of the financial and legal due diligence, and obtaining the necessary approvals from the relevant authorities. The memorandum includes a number of provisions governing the exchange of confidential information between the two parties for evaluation purposes. The execution of the potential acquisition is subject to reaching a final binding agreement that sets out the definitive terms and conditions and under which all regulatory approvals will be obtained. The signing of the memorandum does not constitute a commitment to complete the transaction. The agreement also stipulates incentive provisions for the current owners of Mohrkey upon achieving certain future targets. Memorandum Duration This memorandum comes into effect from the date of its signature for a duration of 60 days, and may be extended by written agreement between the two parties. Related Parties None Financial Impact there is currently no financial impact. Additional Information The Company will announce any material developments regarding this transaction in due course.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.