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Almarai Company Announces the Signing of an Agreement for the Acquisition of Pure Beverages Industry Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Almarai Company announces the signing of a share purchase agreement for the acquisition of 100% of the shares of Pure Beverages Industry Company valued at SAR 1.040 billion. Pure Beverages Industry Company is a leading producer of high-quality bottled drinking water in the Kingdom of Saudi Arabia, and owner of the brands “Ival” and “Oska”. It operates state-of-the-art facilities using innovative production technologies committed to the highest international quality standards and sustainable industry practices. This strategic acquisition aligns with Almarai's growth strategy to expand its beverage portfolio and enhance its consumer offerings. Almarai is confident that this acquisition will create value for its shareholders. The acquisition will be financed through Almarai's internal cash flows and completion is subject to contractual conditions and obtaining the necessary regulatory approvals in the Kingdom of Saudi Arabia. Any substantial developments will be announced later. There are no related parties in this transaction. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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