CATRION Acquires 55% Stake in Al Khalejiah for SAR 440.9 Million
CATRION 6004.SA | 69.60 | -0.57% |
CATRION Catering Holding Company announced on December 31, 2025, the signing of a Sale and Purchase Agreement to acquire a 55% equity stake in Al Khalejiah Catering Company for up to SAR 440,863,580. The transaction includes an initial cash payment of SAR 315,209,300 and performance-based earn-out payments of up to SAR 125,654,280 contingent on meeting financial targets through 2027. CATRION also secured a call option to acquire an additional 15% stake within three years of closing. The acquisition, to be financed through internal funding and Shariah-compliant banking facilities, supports CATRION's strategic expansion in the aviation and catering sector, with positive financial impact expected by Q2 2026.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92355&anCat=1&cs=6004&locale=arImportant 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.
