Riyadh – Mubasher: Anaam International Holding Group has announced a significant procedural advancement in its pursuit of a majority stake in Masar Al-Ula Commercial Company.
In a disclosure submitted to the Saudi Exchange (Tadawul), the group confirmed the appointment of Wathieq Financial Services as the financial advisor to manage the proposed acquisition of a 51% equity interest in the commercial entity.
This move follows the initial signing of a non-binding memorandum of understanding between the two parties and marks the transition into a formal advisory and evaluation phase.
The latest announcement serves as a formal update to the market regarding the preliminary agreement first disclosed on 21 June 2026.
At that time, Anaam International Holding Group entered into a non-binding memorandum of understanding (MoU) with Masar Al-Ula Commercial Company to explore the feasibility of a strategic investment.
By appointing Wathieq Financial Services on 5 July 2026, the group has established the necessary professional framework to oversee the financial complexities and regulatory requirements associated with the potential transaction.
Under the terms of the advisory agreement, Wathieq Financial Services is tasked with managing the acquisition process for the target 51% stake.
The role of the financial advisor in such transactions typically involves conducting financial due diligence, providing valuation assessments, and ensuring that the transaction structure complies with the governing regulations of the Capital Market Authority (CMA) and Tadawul.
This appointment is a standard requirement for listed companies in the Kingdom of Saudi Arabia when pursuing material acquisitions, intended to protect shareholder interests through professional oversight.
Anaam Holding has clarified that the current stage of the transaction has not resulted in any immediate financial impact on the company’s balance sheets.
The disclosure noted that there are no costs currently associated with the event that would necessitate a change in financial reporting at this juncture.
Furthermore, the company confirmed that there have been no delays in the timeline previously communicated to the public, indicating that the progression from the initial MoU to the appointment of an advisor has proceeded according to the group's internal schedule.
A majority stake would grant the group controlling interest in the commercial company, allowing for the consolidation of financial results and greater influence over the strategic direction of the entity.
However, as the memorandum of understanding remains non-binding, the finalization of the deal is contingent upon the successful completion of due diligence and the negotiation of a definitive purchase agreement.
In alignment with transparency requirements for listed entities, Anaam International Holding Group stated that it will continue to monitor the progress of the advisory process.
The company has committed to announcing any further material developments or significant milestones as they arise, ensuring that investors remain informed of the transaction's status in accordance with relevant rules and regulations.
The market now awaits the results of the financial assessment and any subsequent move toward a binding contractual agreement between Anaam Holding and Masar Al-Ula Commercial Company.
