Almarai Company has signed an agreement through its subsidiary, Teeba Investment for Developed Food Processing Company, to acquire 100% of the shares in Hammoudeh Food Industries. The deal, valued at SAR 263 million, is subject to adjustments and awaits regulatory approvals in Saudi Arabia and Jordan.
Hammoudeh Food Industries, with over 50 years of presence in the Jordanian market, is known for its dairy and cheese products. The acquisition aligns with Almarai’s growth strategy, which aims to strengthen its footprint in core markets and sustain long-term growth.
“This acquisition will allow us to expand operations, enhance our product offerings, and better serve customers in the region,” Almarai said in a statement.
The company plans to fund the transaction through internal cash flows. The deal remains contingent on meeting specific contractual conditions and receiving regulatory clearance. No related parties are involved in the transaction.