Al Othaim Cancels Acquisition of Ebdaa Al Qasr Stake
Deal News | Jun 25, 2025 | Zawya
Saudi Arabia's Al Othaim Markets has announced the termination of its plan to acquire a 51% stake in Ebdaa Al Qasr. The decision came as the parties involved, including Abdulilah Ahmed Al-Darwish and Al-Musbah Global Trading Co., were unable to finalize terms, as outlined in a non-binding Memorandum of Understanding (MoU) from March 2025. Ebdaa Al Qasr, known for its Manuel Market chain, operates as a prominent retailer in the consumer and food products sector across Saudi Arabia.
Sectors
- Retail
- Investment and M&A
Geography
- Saudi Arabia – The companies involved, Al Othaim Markets and Ebdaa Al Qasr, are based in Saudi Arabia, and the planned acquisition took place in this geography.
Industry
- Retail – The article relates to Al Othaim Markets and Ebdaa Al Qasr, both operating in the retail sector, specifically in consumer and food products.
- Investment and M&A – The article discusses a merger and acquisition (M&A) activity involving Al Othaim's planned acquisition of a stake in Ebdaa Al Qasr.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Al Othaim Markets | Bidding Company/Buyer | Company | Saudi Arabian retail company attempting to acquire a stake in Ebdaa Al Qasr. |
| Ebdaa Al Qasr | Target Company | Company | A retailer known for its Manuel Market chain, a target in the acquisition deal. |
| Abdulilah Ahmed Al-Darwish | Selling Company/Vendor | Person | One of the parties involved in the non-binding Memorandum of Understanding with Al Othaim. |
| Al-Musbah Global Trading Co. | Selling Company/Vendor | Company | A company involved in the non-binding Memorandum of Understanding with Al Othaim. |