Riyadh – Mubasher: Anaam International Holding Group has signed a non-binding memorandum of understanding (MoU) with Masar Al Ola Trading Company to explore a potential acquisition of a majority stake in the firm.
The agreement, signed on 21 June 2026, outlines Anaam’s intent to acquire up to 51% of the capital of Masar Al Ola, a Saudi-based entity that owns and operates the Hashikum restaurant chain.
This strategic move is designed to diversify Anaam’s investment portfolio and capitalize on the accelerating growth within the Saudi food and beverage sector.
The MoU establishes a framework for negotiations and due diligence over a period of 180 days from the date of signing. According to the disclosure, the duration of the MoU is subject to extension should both parties provide written consent.
The proposed transaction is structured as a share swap, whereby Anaam International Holding Group would issue new shares to the current owners of Masar Al Ola Trading in exchange for the equity stake.
