Al Kuzama Signs MOU to Acquire 30% Stake in Twenty Four Beverages

ALKUZAMA +0.84%

ALKUZAMA

9636.SA

60.00

+0.84%

Al Kuzama Trading Co. announced on November 12, 2025, the signing of a non-binding Memorandum of Understanding to acquire 30% equity interest in Twenty Four Beverages Company Limited Liability Company. The MOU was signed on November 11, 2025, and will remain valid for 60 days, extendable by mutual written agreement. The final acquisition decision depends on company valuation, completion of due diligence, and obtaining necessary regulatory approvals, with financial impact to be determined after signing the final share purchase agreement.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91484&anCat=1&cs=9636&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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