Anaam Holding signs MoU to acquire 51% of Masar Al-Ola

Logo of Anaam International Holding Group

Anaam International Holding Group signed a non-binding memorandum of understanding (MoU) with Masar Al-Ola Trading Co., a Saudi company that owns and operates the Hashikom restaurant chain and has expertise in the restaurant and food investment sector.

In a statement to Tadawul, Anaam said the MoU relates to a potential acquisition of a stake in Masar Al-Ola, with the intention of acquiring up to 51% of the latter's capital.

The company added that the transaction value will be determined based on the results of an independent financial valuation conducted by a licensed valuation firm. The acquisition consideration would be settled through the issuance of new shares by Anaam to Masar Al-Ola shareholders.

The MoU will remain valid for 180 days from the signing date and may be extended through a written agreement between the two parties.

The MoU remains subject to the completion of financial, legal, operational, and other due diligence procedures, with the final financial impact to be determined upon completion of the valuation process.

The company said the proposed acquisition aims to diversify Anaam's business activities and capitalize on opportunities in the food and restaurant sector, which plays an important role in supporting local economic growth and diversifying sources of income.

Masar Al-Ola and its subsidiaries are limited liability companies headquartered in Riyadh. The company has successfully doubled its branch network over the past three years, resulting in sales growth from approximately SAR 47 million to around SAR 90 million by the end of 2025. Annual profits also doubled during the same period.

According to the statement, the company is entering a new growth phase focused on establishing factories and centralized production facilities to support its current and future branch network, improve operational efficiency, reduce costs, and enhance profit margins.