Riyadh - Mubasher: BinDawood Holding Company has completed taking over 51% of Vaza Food Company’s capital in exchange for SAR 217.90 million, according to a bourse disclosure.
The acquisition is part of BinDawood Holding’s strategy to accelerate growth and strengthen vertical integration by leveraging Vaza Food’s portfolio of premium brands, advanced manufacturing capabilities, and established market presence.
The transaction is expected to enhance the group’s position in high-demand consumer segments and expand its footprint across key regions of Saudi Arabia. It also supports BinDawood’s efforts to diversify its revenue streams and reinforce its supply chain capabilities.
Signed in April, the share purchase agreement (SPA) is anticipated to have a positive long-term financial impact on the company and its shareholders.
The acquisition aligns with the goals of Saudi Vision 2030, supporting local manufacturing, advancing the development of the Kingdom’s food sector, and increasing private sector participation in economic diversification and sustainable growth.
In addition, the deal is expected to unlock new growth opportunities across digital platforms and e-commerce channels, while supporting BinDawood Holding’s omni-channel strategy aimed at enhancing customer experience, broadening market reach, and generating operational synergies.
