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Almarai Company Announces the Acquisition of Binghatti Beverage’s Production Facility in the UAE

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Announcement Detail Almarai Company is pleased to announce that, on 1st June 2021, it signed an Asset Purchase Agreement with Binghatti Beverages Manufacturing L.L.C (BBM) for the purchase and acquisition of BBM production facility in the UAE, for a price of AED 215 million.

This acquisition will enhance Almarai’s ability to serve its customers by expanding the range of beverage products in the region.

The transaction is fully financed from Almarai’s operating cash flows. The acquisition remains subject to obtaining certain regulatory approvals.

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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