premargin

Element List	Explanation
Introduction	Alamar Foods Company announces that it has entered into a Sell Purchase Agreement (“SPA”) to acquire 100% of the shares in Al-Shaghaf Arabia Limited Liability Company (also known as Cravia Arabia Company), a Saudi limited liability company which holds the exclusive franchise rights for the Five Guys brand in the Kingdom of Saudi Arabia and operates 13 restaurants in the Kingdom.
Transaction Details	This transaction supports Alamar’s strategy to strengthen its position in Saudi Arabia by entering the burger segment, the largest category within the Kingdom’s quick service restaurant market, through a leading premium burger brand (Five Guys). It represents a strategic move to broaden Alamar’s multi-brand platform, capture additional growth in a high-potential category, and reinforce its long-term presence in one of its core markets. Cravia Arabia Company is debt-free and is expected to generate approximately SAR 17 million in Post-IFRS 16 adjusted EBITDA for 2025.
Transaction Amount	SAR85 million subject to downward adjustment based on certain conditions in the SPA. The final transaction amount will be disclosed in a further announcement in due course.
Transaction Conditions	Completion of the transaction is subject to obtaining the required regulatory approvals, securing necessary franchisor and other third-party consents, and fulfilling the conditions precedent set out in the SPA, in addition to customary closing adjustments.
Parties of the Transaction	Buyer: Alamar Foods Company Seller: Cravia Group Limited (also known as Al Shaghaf Group Limited)
Transaction Financing Method	A combination of internal resources and Shari’a-compliant bank facilities.
Date of Entering Into The Transaction	2025-12-31 Corresponding to 1447-07-11
Description of Activity of The Asset Subject of The Transaction	Quick service restaurant operations of the globally recognized brand Five Guys in 13 locations in the Kingdom of Saudi Arabia.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	The following figures refer to the stand-alone financial statements of Al-Shaghaf Arabia Limited Liability Company (also known as Cravia Arabia Company): Revenue: 2024: SAR 74,475,911 2023: SAR 81,847,665 2022: SAR 83,188,112
Transaction reasons	To expand into the burger category, the largest QSR segment in Saudi Arabia, by acquiring a leading premium burger brand, and to broaden Alamar’s multi-brand restaurant platform in the Kingdom while strengthening its presence in one of its core markets in line with its long-term growth strategy.
Expected Impact of the Transaction on the Company and Its Operations	The positive financial impact will become apparent following completion of the Transaction, subject to final regulatory approvals.
Related Parties	No related parties
Additional Information	Notice: This announcement includes forward-looking statements. These statements are based on current assumptions, estimates, and information available to management as of the date of this announcement and reflect management’s current expectations. Forward-looking statements are subject to risks and uncertainties, including operational performance, market conditions, and other factors that may cause actual results to differ materially from those expressed or implied.
Attached Documents	Attached Documents

Alamar Foods Company announces the signing of a Sell Purchase Agreement to acquire the operator of Five Guys Brand in the Kingdom of Saudi Arabia for SAR 85 million.