Almunajem completes 23% acquisition of Balady for SAR 181.3M

Logo of Almunajem Foods Co.

Almunajem Foods Co. completed the purchase of 1.51 million shares (a 23% stake) of Balady Poultry Trading Co. through negotiated deals at SAR 120 per share, valued at SAR 181.33 million.

 

Accordingly, Almunajem’s ownership in Balady Poultry rose to 40%, the company said in a statement to Tadawul today, Aug. 22, indicating that the acquisition was partly self-financed and partly funded by external sources.

 

For more news and details on M&As

 

Balady Poultry and Almunajem Foods signed in April a binding share purchase agreement (SPA), entailing the latter’s purchase of a 23% stake, or 1.51 million shares, from Balady Poultry’s major shareholders at SAR 120 each, totaling SAR 181.33 million.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

GAC OKs Almunajem’s acquisition of Balady Poultry

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request