Catrion Catering Signs Deal for 55% Stake in Al Khalejiah Catering

09:33 AM EST, 12/31/2025 (MT Newswires) -- Catrion Catering (SASE:6004) is buying a 55% stake in Al Khalejiah Catering for up to 440.9 million Saudi riyals, about 125.7 million riyals of which are performance-based earn-out payments. The Tadawul-listed airlines-focused catering company said Wednesday the sale and purchase agreement signed with a number of current shareholders of its peer also includes a three-year call option for a further 15% stake. Catrion's acquisition of the hospitality and catering services is still subject to customary closing conditions and regulatory approvals. It will be funded with internal funding sources and Shariah-compliant banking facilities.