Alyoum Bakery Expands with Saudi PIF's Support
Deal News | Mar 04, 2025 | Saudi PIF
The Saudi Jordanian Investment Company (SJIC), a subsidiary of the Saudi Public Investment Fund (PIF), has signed an agreement to invest indirectly in Alyoum Bakery, a major industrial-scale baked goods producer in Jordan. This strategic investment aims to support Alyoum Bakery's long-term growth by introducing new product categories and expanding market reach in Jordan and neighboring regions. Completion of the deal is contingent upon fulfilling specified conditions and receiving necessary regulatory clearances. This cooperation aligns with SJIC's objective of fostering sustainable economic partnerships within Jordan. Commenting on the agreement, SJIC's Acting CEO, Muteb Al Shathri, expressed enthusiasm for collaborating with Alyoum Bakery to enhance the company's growth. Mahmoud Khalil, co-founder of Alyoum Bakery, views this investment as a commitment that will bolster the company's strategy to augment production efficiency and product availability.
Sectors
- Food Production
- Investment
Geography
- Jordan – Alyoum Bakery is a Jordanian company and the main focus of the investment deal.
- Saudi Arabia – The Saudi Public Investment Fund, through its subsidiary SJIC, is making the investment, indicating significant involvement from Saudi Arabia.
Industry
- Food Production – Alyoum Bakery operates in the food production industry, specializing in large-scale baked goods manufacturing and distribution.
- Investment – The article discusses an investment by the Saudi Jordanian Investment Company, aligning with its strategy to engage in economic partnerships.
Financials
- Not Disclosed – The investment amount in Alyoum Bakery by SJIC has not been publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alyoum Bakery | Target Company | Company | A leading industrial-scale baked goods producer in Jordan. |
| Saudi Jordanian Investment Company (SJIC) | Investing Company | Company | A wholly owned subsidiary of the Saudi Public Investment Fund (PIF), focusing on investments in Jordan. |
| Saudi Public Investment Fund (PIF) | Parent Company of SJIC | Company | A sovereign wealth fund owned by the Kingdom of Saudi Arabia. |
| Muteb Al Shathri | Acting CEO of SJIC | Person | The acting CEO of SJIC active in promoting the company's investment strategies. |
| Mahmoud Khalil | Co-founder of Alyoum Bakery | Person | Co-founder involved in leading Alyoum Bakery's strategic initiatives. |