News briefing · 6 October 2026
Nofoth Food Products completed the legal transfer of a 65% stake in Plenty Food on 5 October, Argaam reported the following day.
The August sale agreement sets a fixed consideration of SAR 52.7 million, with a conditional amount of up to SAR 3.25 million. The maximum disclosed total is therefore SAR 55.95 million.
Competition clearance was obtained in September. The completion announcement confirms the ownership transfer; it does not establish that the conditional payment has become due or that the maximum consideration has already been paid.
Source: Argaam. Reporting date: 2026-10-06.
