Riyadh – Mubasher: Nofoth Food Products Company received regulatory clearance from the General Authority for Competition to proceed with the acquisition of a 65% stake in Al Taam Al Wafir.
The no-objection certificate, issued on 1 September 2026, marks a significant step toward completing the economic concentration process required for the transaction.
This development follows the initial share purchase agreement signed between the two parties on 19 August. The company confirmed that the financial terms of the deal remain unchanged from the previous announcement.
While the competition authority’s approval was a primary condition for the acquisition, the completion of the transaction remains subject to other terms and conditions outlined in the sale and purchase agreement.
Nofoth stated it will continue to fulfill all remaining regulatory requirements and will provide further updates on the finalization of the deal or any material developments as they occur.
