Al Kuzama inks deal to acquire 25% of catering firm for SAR 35M

Logo of Al Kuzama Trading Co. 

Al Kuzama Trading Co. signed, on April 9, a sale and purchase agreement (SPA) to acquire 25% stake in Unique Food Catering Co. (a single-member LLC) for SAR 35 million.

In a statement to Tadawul, the company said the agreement includes the usual terms, conditions and guarantees provided by each party as is customary in such transactions, including the completion of due diligence and the signing of final agreements between the parties.

The SPA was concluded with Bandar Khalid Abu Saman, owner of Unique Food, which operates in the restaurant, fast food, and breakfast segments.

The deal will be financed through the company's internal resources and available financial facilities.

The financial impact of this transaction, which cannot be accurately determined at present, is expected to appear after the transfer of ownership is complete and the results of the company's share reflect in Al Kuzama’s financial statements, the statement added.

Unique Food reported a net profit of SAR 59.45 million in 2025.

This deal is part of Al Khuzama’s strategy to enhance its market share and expand in the restaurant and fast food sector, through quality investments and strategic partnerships that support the diversification of its business portfolio and keep pace with growth aspirations in the local market.

The share-transfer is subject to the necessary approvals from the General Authority for Competition (GAC).

According to data available on Argaam, Al Kuzama signed in January a non-binding preliminary memorandum of understanding (MoU) with Bandar Abu Saman to acquire a 25% stake in the restaurant and fast-food company.