The acquired company operates 13 Five Guys restaurants across the Kingdom.
AlamarFoods Co. said it completed the buyout of Al Shaghaf Arabia LLC, which owns the exclusive franchise rights for the Five Guys brand in Saudi Arabia, upon finalizing the regulatory procedures, according to a statement to Tadawul.
The company indicated it fulfilled the terms set in the agreement, including the approval of the franchisor and other third parties.
The final transaction consideration was SAR 84.4 million, with the relevant financial impact appearing in financial statements as of Q2 2026.
The acquired company operates 13 Five Guys restaurants across the Kingdom.
AlamarFoods Co. said it completed the buyout of Al Shaghaf Arabia LLC, which owns the exclusive franchise rights for the Five Guys brand in Saudi Arabia, upon finalizing the regulatory procedures, according to a statement to Tadawul.
The company indicated it fulfilled the terms set in the agreement, including the approval of the franchisor and other third parties.
The final transaction consideration was SAR 84.4 million, with the relevant financial impact appearing in financial statements as of Q2 2026.
