Baker McKenzie Advised CATRION Catering Holding Company On Acquisition Of 55% Stake In Al Khalejiah Catering Company
Baker McKenzie advised CATRION Catering Holding Company on acquisition of 55% stake in Al Khalejiah Catering Company
The global law firm, Baker McKenzie, advised CATRION Catering Holding Company SJSC (CATRION), a leading Saudi Arabian hospitality and catering provider, on the execution of a Sale and Purchase Agreement for the acquisition of a 55% equity stake in Al Khalejiah Catering Company (AKCC).
The transaction, valued at up to SAR 440.86 million, will be financed through CATRION’s internal resources and Shariah-compliant banking facilities. The acquisition strengthens CATRION’s leadership in Saudi Arabia’s catering and hospitality sector and supports its long-term growth and diversification strategy under Vision 2030. Completion of the transaction remains subject to customary conditions precedent, including regulatory approvals.
The Baker McKenzie Riyadh Corporate/M&A team advised on all legal aspects of the transaction, including structuring, due diligence, regulatory compliance, and drafting of acquisition agreements. The team was led by Karim Nassar (Managing Partner) and David Monnier (Partner), with support from Yousef Bugaighis and Thamer AlZayer.
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