Riyadh — Mubasher: Nofoth Food Products Company has announced the completion of all legal procedures and the formal transfer of ownership for a 65% stake in the capital of Plenty Food Company, according to a bourse filing.
The transaction was finalized on 5 October 2026 in accordance with the terms of the previously signed share purchase agreement.
The completion follows the General Authority for Competition’s issuance of a non-objection certificate regarding the economic concentration on 2 September 2026.
Nofoth originally signed the acquisition agreement on 19 August 2026 as part of its strategic expansion within the food sector.
The listed company confirmed that the ownership of the shares has been officially registered in its favor.
There has been no change to the financial consideration for the transaction previously disclosed to the market.
Nofoth further noted that this finalization marks the conclusion of the regulatory process that began earlier in 2026.
