Anaam International Holding Group Company entered into non-binding memorandum of understanding to acquire Abuzaid Restaurants Company Ltd for approximately SAR 42 million.

Anaam International Holding Group Company (SASE:4061) entered into non-binding memorandum of understanding to acquire Abuzaid Restaurants Company Ltd for approximately SAR 42 million on April 24, 2022. Transaction is subject to completion of due diligence.