CATRION completes acquisition of 55% in Al Khalejiah Catering

Logo of CATRION Catering Holding Co.

CATRION Catering Holding Co. completed the acquisition of a 55% stake in Al Khalejiah Catering Co. (AKCC), after fulfilling all conditions set out in the agreement.

In a statement to Tadawul, the company said it obtained all required regulatory approvals, including the clearance from the General Authority for Competition (GAC).

Since the acquisition was completed earlier than expected, the consolidation of financial results and the deal’s financial impact will be reflected in Q1 2026.

Last December, CATRION signed a sale and purchase agreement (SPA) to acquire a 55% stake in AKCC, along with a call option to acquire an additional 15% of AKCC’s share capital within a period of three years from the closing date of the transaction.

The total purchase price for the transaction is up to SAR 440.86 million, comprising an initial cash payment of SAR 315.21 million, and performance-based earn-out payments of up to SAR 125.65 million conditional on the achievement of specific financial targets during 2025, 2026 and 2027.