Al Kuzama acquires 30% of TwentyFour Cafe for SAR 39M

Al Kuzama Trading signs deal with founding partners of TwentyFour Cafe

Al Kuzama Trading Co. acquired a 30% stake in TwentyFour Cafe Co., a limited liability company operating in the beverages sector, for SAR 39 million, according to a statement to Tadawul.

The transaction was completed with the founding partners of TwentyFour, acting as the sellers, namely Naif Sami Alkulaib and Mohammed abdullatif Alarfaj.

The acquisition deal was funded in cash and no related parties were involved.

TwentyFour operates and manages coffee and beverages outlets within the beverages services sector. As of 2024, the company had 59 operating branches and continued its expansion during 2025 by opening an additional 61 branches, bringing the total number of branches to 120. It plans to open 60 additional branches in 2026.

The table below outlines TwentyFour’s revenue over the last three years:

TwentyFour’s revenue for the last three years (SAR mln)

The acquisition aims to strengthen the company’s market share and enter new sectors and activities, in line with its strategic objectives and growth vision. This came through enhancing its presence in the beverage and coffee sector through high-quality partnerships and strategic investments that support portfolio diversification and align with local market demand.

The company expects the relevant financial impact to appear after completing the ownership transfer and recording profit generated from its equity stake. This will contribute to strengthening market share and entering diverse sectors and activities that enhance the company's financial position.

The agreement includes the customary terms, conditions, and warranties provided by each party, such as the completion of due diligence procedures.

In November, Al Kuzama signed a non-binding memorandum of understanding (MoU) to acquire a 30% equity stake in TwentyFour, data compiled by Argaam showed.