Othaim Markets Terminates MoU to Acquire 51% of Ebdaa Al Qasr

Abdullah Al Othaim Markets Co. announced on Wednesday the termination of a non-binding memorandum of understanding (MoU) to acquire a 51% stake in Ebdaa Al Qasr Marketing Co., after both parties failed to reach a final agreement.

In a statement on Tadawul, the company said due diligence and advisory costs related to the transaction amounted to approximately SAR 1 million.

The MoU was originally announced on 2 March 2025 and aimed to acquire a majority stake in the limited liability company.