| Introduction | Al Kuzama Trading Company announces the signing of a “non-binding preliminary Memorandum of Understanding” with Bandar Khalid Abu Saman, the owner of Unique Food Catering Company (a single-member limited liability company), for the purpose of acquiring a 25% equity ownership interest. The Company operates in the restaurant and fast food sector. |
| Memorandum Signing Date | 2026-01-13 Corresponding to 1447-07-24 |
| Counterparty | The owner of Unique Food Catering Company (a single-member limited liability company). |
| Memorandum Subject | Al Kuzama Trading Company intends to acquire an equity ownership interest representing 25% in the ownership of the owner of Unique Food Catering Company (a single-member limited liability company). The final decision to proceed with the acquisition is subject to the completion of the company valuation, the satisfactory completion of legal, financial, and operational due diligence, and the receipt of all required approvals from the relevant regulatory authorities. |
| Memorandum Duration | Ninety (90) days, commencing from the date of signing. |
| Related Parties | None |
| Financial Impact | The financial impact of the acquisition will be determined after the necessary approvals are completed and the final share purchase agreement is signed. |
| Additional Information | This Memorandum does not create any binding legal obligation until the final signing of the final share purchase agreement, and any developments in this regard will be announced. |