The deal aims at enhancing the company’s market share and expanding into various sectors
Al KuzamaTrading Co. acquired a 35% stake in Food PioneerCo. (Raed Food), a limited liability company operating in the restaurant sector, specializing in fast food services for total of SAR 30 million. 
In a statement to Tadawul, the company said that the acquisition was fully funded in cash, adding that the agreement includes the customary terms, conditions, and warranties provided by each party, as typically agreed upon in similar transactions, such as the completion of due diligence procedures.
The deal aims at enhancing the company’s market share and expanding into various sectors and fields, in line with Al Kuzama’s strategic objectives and vision for growth and expansion.
This will be achieved by strengthening its presence in the restaurant sector through strategic partnerships and investments that support the diversification of its business portfolio and align with the aspirations of the local market.
The financial impact of this acquisition is expected to commence following the completion of the ownership transfer and the recognition of profits arising from the company’s equity stake. This acquisition is anticipated to enhance the company’s market share and enable entry into new sectors and activities, thereby strengthening its overall financial position, the statement added.
The Asset’s Financial Data for Last Three Years (SAR mln)
Year
Revenue
2022
8.50
2023
25.29
2024
34.29
According to data available on Argaam, Al Kuzama signed, in August, a non-binding memorandum of understanding (MoU) to acquire a 60% ownership stake in Raed Foods Catering Co.
The deal aims at enhancing the company’s market share and expanding into various sectors
Al KuzamaTrading Co. acquired a 35% stake in Food PioneerCo. (Raed Food), a limited liability company operating in the restaurant sector, specializing in fast food services for total of SAR 30 million.
In a statement to Tadawul, the company said that the acquisition was fully funded in cash, adding that the agreement includes the customary terms, conditions, and warranties provided by each party, as typically agreed upon in similar transactions, such as the completion of due diligence procedures.
The deal aims at enhancing the company’s market share and expanding into various sectors and fields, in line with Al Kuzama’s strategic objectives and vision for growth and expansion.
This will be achieved by strengthening its presence in the restaurant sector through strategic partnerships and investments that support the diversification of its business portfolio and align with the aspirations of the local market.
The financial impact of this acquisition is expected to commence following the completion of the ownership transfer and the recognition of profits arising from the company’s equity stake. This acquisition is anticipated to enhance the company’s market share and enable entry into new sectors and activities, thereby strengthening its overall financial position, the statement added.
The Asset’s Financial Data for Last Three Years (SAR mln)
Year
Revenue
2022
8.50
2023
25.29
2024
34.29
According to data available on Argaam, Al Kuzama signed, in August, a non-binding memorandum of understanding (MoU) to acquire a 60% ownership stake in Raed Foods Catering Co.
