| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement made by Alamar Foods Company on the Saudi Stock Exchange (Tadawul) website on 12-07-1447H (corresponding to 01-01-2026G) in respect of the signing of a Sell Purchase Agreement with Cravia Group Limited, for the purpose of acquiring 100% of the shares in Al-Shaghaf Arabia 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, Alamar Foods Company is pleased to announce the completion of the regulatory process related to the Acquisition and the completion of the sale and purchase of the Shares. |
| Acquisition Procedures Conclusion Date | 2026-04-29 Corresponding to 1447-11-12 |
| Summary of Acquisition / Purchase | The procedures for Alamar Foods Company's Acquisition of 100% of the shares in Al-Shaghaf Arabia Limited Liability Company have been completed following the satisfaction of the conditions precedent stipulated in the SPA, including obtaining the required regulatory approvals and the necessary franchisor and other third-party consents. The final acquisition purchase price is SAR 84,810,420. |
| Related Parties | None |
| Financial Impact | The financial impact on the Company's financial statements will appear starting from the second quarter of the year 2026. |
| Ownership and Legal Documents Transfer Conclusion Date | 12-11-1447H (corresponding to 29-04-2026G). |