Riyadh - Mubasher: Alamar Foods Company signed a Sharia-compliant credit facilities agreement amounting to SAR 85 million with Saudi Awwal Bank (SAB) on 26 April 2026.
The funding will be used to finance Alamar Foods’ acquisition of the Five Guys franchisee operations in Saudi Arabia, according to a bourse statement.
Meanwhile, the seven-year financing is backed by a promissory note issued by Alamar Foods.
It is worth noting that this move aligns with the Tadawul-listed company’s strategy to expand its footprint and further diversify its portfolio.
During 2025, Alamar Foods generated 24.10% year-on-year (YoY) higher net profits at SAR 47.57 million, compared with SAR 38.33 million.
