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CATRION has completed the acquisition of a 55% ownership stake in Al Khalejiah Catering Company after obtaining all regulatory approvals, including from the General Authority for Competition.
The acquisition cost is up to SAR 440,863,580, featuring an initial cash payment of SAR 315,209,300 and performance-based earn-outs up to SAR 125,654,280.
Financial consolidation of Al Khalejiah will now occur in Q1 2026, earlier than the previously expected Q2 2026 timeframe.
The agreement includes a call option for CATRION to acquire an additional 15% stake within three years from the transaction's closing date.

Element List	Explanation
Introduction	With reference to the announcement of CATRION Catering Holding Company ("CATRION") published on the Saudi Stock Exchange (Tadawul) on 31/12/2025, regarding the signing of a Sale and Purchase Agreement “Agreement” (SPA) to acquire a 55% equity stake in Al Khalejiah Catering Company ("Al Khalejiah")together with a call option to acquire an additional 15% of the share capital of AKCC within a period of three (3) years from the closing date of the transaction, CATRION hereby wishes to inform its shareholders of the latest developments related to the mentioned Agreement.
Previous Announcement	CATRION Catering Holding Company ("CATRION") announces the signing of a Sale and Purchase Agreement (SPA) to acquire a 55% equity stake in Al Khalejiah Catering Company ("Al Khalejiah")
Date of Previous Announcement on Saudi Exchange’s Website	2025-12-31 Corresponding to 1447-07-11
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	CATRION announces the completion of the acquisition of 55% ownership stake in Al Khalejiah, the satisfaction of the conditions precedent set out in the Agreement, as well as obtaining all the required regulatory approvals including the approval of the General Authority for Competition.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Acquisition cost is up to SAR 440,863,580 as previously announced, comprising an initial cash payment of SAR 315,209,300, and performance-based earn-out payments of up to SAR 125,654,280 conditional on the achievement of specific financial targets during financial years ending 2025, 2026 and 2027.
Additional Information	In the previous announcement it was mentioned that CATRION will consolidate Al Khalejiah’s financial results following the completion of the transaction at the end of second quarter 2026. Given that the acquisition was completed earlier than expected, the inclusion and consolidation of the financial results, and the financial impact of the transaction will occur during the first quarter 2026.

Element List

Explanation

Introduction

With reference to the announcement of CATRION Catering Holding Company ("CATRION") published on the Saudi Stock Exchange (Tadawul) on 31/12/2025, regarding the signing of a Sale and Purchase Agreement “Agreement” (SPA) to acquire a 55% equity stake in Al Khalejiah Catering Company ("Al Khalejiah")together with a call option to acquire an additional 15% of the share capital of AKCC within a period of three (3) years from the closing date of the transaction, CATRION hereby wishes to inform its shareholders of the latest developments related to the mentioned Agreement.

Previous Announcement

CATRION Catering Holding Company ("CATRION") announces the signing of a Sale and Purchase Agreement (SPA) to acquire a 55% equity stake in Al Khalejiah Catering Company ("Al Khalejiah")

Date of Previous Announcement on Saudi Exchange’s Website

2025-12-31 Corresponding to 1447-07-11

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

CATRION announces the completion of the acquisition of 55% ownership stake in Al Khalejiah, the satisfaction of the conditions precedent set out in the Agreement, as well as obtaining all the required regulatory approvals including the approval of the General Authority for Competition.

The costs associated with the event, and if they have changed or not with indication of the reasons.

Acquisition cost is up to SAR 440,863,580 as previously announced, comprising an initial cash payment of SAR 315,209,300, and performance-based earn-out payments of up to SAR 125,654,280 conditional on the achievement of specific financial targets during financial years ending 2025, 2026 and 2027.

Additional Information

In the previous announcement it was mentioned that CATRION will consolidate Al Khalejiah’s financial results following the completion of the transaction at the end of second quarter 2026. Given that the acquisition was completed earlier than expected, the inclusion and consolidation of the financial results, and the financial impact of the transaction will occur during the first quarter 2026.

CATRION Catering Holding “CATRION” announces the latest developments related to the signing of a Sale and Purchase Agreement (SPA) to acquire a 55% equity stake in Al Khalejiah Catering Company "Al Khalejiah"