On August 19, 2026, Nofoth Food Products Company announced the signing of a Sale and Purchase Agreement dated August 18, 2026, to acquire a 65% stake in Plenty Food Company, a limited liability company operating in the healthy food segment under brands including PLENTY Salads and CATCHA Deli. The fixed consideration for the transaction amounts to SAR 52,703,333.33, with an additional contingent consideration of up to SAR 3,250,000 — contingent upon Plenty Food Company achieving specified financial targets for the financial year ending December 31, 2027 — bringing the total potential consideration to SAR 55,953,333.33. The transaction will be financed from Nofoth's internal resources and is subject to approval from the General Authority for Competition (GAC) and other relevant regulatory authorities. The acquisition is intended to expand and diversify Nofoth's food and beverage portfolio, strengthen its presence in the healthy food segment, and capture operational and commercial synergies between the two companies.

Original announcement:

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