Almarai Company (SASE:2280) signed a sale purchase agreement to acquire Premier Foods LLC from Alamar Foods on February 4, 2019. Premier Foods LLC has an enterprise value of approximately SAR 110 million. The transaction is fully financed from Almarai's operating cash flow, and the financial impact of this acquisition will be reflected in next Quarter's results.

Almarai Company (SASE:2280) completed the acquisition of Premier Foods LLC from Alamar Foods for SAR 120 million on May 27, 2019. Ernst & Young UK, Investment Banking Arm acted as financial advisor to Almarai Company in the transaction.