Riyadh - Mubasher: BinDawood Holding Company inked a share purchase agreement (SPA) to acquire 51% of the shares in Vaza Food Company for an amount of SAR 217.90 million, according to a bourse disclosure.
The acquisition aligns with the group’s strategy to drive growth and diversify revenue streams, particularly in high value-added segments such as premium confectionery and specialty foods.
The transaction is expected to scale BinDawood Holding’s footprint in the high-quality products segment, leveraging Vaza’s distinguished brands, product quality, and strong customer base. This will enhance the diversity of the product portfolio and increase the attractiveness of the offerings provided to customers.
Moreover, the Tadawul-listed company will strengthen value chain integration by leveraging Vaza’s manufacturing capabilities, which may contribute to improving supply chain efficiency, advancing product development, and enhancing the quality of offerings across its store network.
This step aligns with the objectives of Saudi Vision 2030 in supporting local food manufacturing, boosting national supply chains, and increasing the private sector’s contribution to the economy.
The group signed the deal with Faisal Abdullah Alomaigan, Abdulwahab Suliman Aldakhil, Abdulaziz Mohammad Altuwaijri, Alassas Almatina Company for Investment, and Almal Almustadam Company for Investment.
Vaza is a Saudi-based food manufacturing, retail, and distribution company primarily in the confectionery, bakery, and food segments. Its business focuses on the production and sale of premium chocolate and confectionery products under its brand, Pocodor.
In 2025, the BinDawood Holding Company generated 0.82% year-on-year (YoY) lower net profits at SAR 269.93 million, compared to SAR 272.15 million.
