Almarai Company Announces the Completion of the acquisition of Etmam Logistics
| Element List | Explanation |
|---|---|
| Introduction | Following its announcement on 5th December 2023, Almarai Company is pleased to announce the completion of the acquisition of Etmam Logistics for a consideration of SAR 182 million.
The transaction will enhance Almarai’s capabilities to serve its customers with an expanded range of frozen products across the Kingdom of Saudi Arabia. This addition will enhance Almarai’s Foodservice credentials by allowing broader product offering opportunities, accelerate poultry business growth and expand ice cream, bakery and other frozen categories in the future. |
| Previous Announcement | Almarai Company announces the acquisition of Etmam Logistics |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-12-05 Corresponding to 1445-05-21 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Completion of the acquisition of Etmam Logistics |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Acquisition cost remains at SAR 182 mil |
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