Anaam to Buy 51% of Hashikom Operator Masar Al-Ola in Share Deal

Anaam International Holding Group agreed to buy a controlling stake in the Saudi restaurant operator behind the Hashikom chain, paying with newly issued shares rather than cash.

The non-binding memorandum of understanding covers up to 51% of Masar Al-Ola Trading Co., the company said in a statement to Tadawul. The exact price depends on an independent valuation. Anaam will settle the consideration by issuing new shares to Masar Al-Ola's shareholders.

Masar Al-Ola's revenue climbed from about SAR 47 million to roughly SAR 90 million by the end of 2025, according to the statement. Annual profits doubled over the same period. The company has been expanding its branch network and is building centralized production facilities to improve efficiency and margins.

Anaam described the deal as a way to diversify its business and tap into the food sector, which supports local economic growth. The MoU runs for 180 days from signing and can be extended by written agreement.

The transaction is subject to financial and legal due diligence. The financial impact will be determined after the valuation process is complete.