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Hofuf al hasa, Saudi Arabia – July 23, 2021: A Saudi Arabia market at light called Abdullah Al Othaim. Image used for illustrative purpose. Image courtesy: Getty Images/ Wirestock
A non-binding MoU, which was signed in March 2025 with Abdulilah Ahmed Al-Darwish and Al-Musbah Global Trading Co. to acquire 51% of Ebdaa Al Qasr, has been terminated as “the parties were unable to reach an agreement,” Al Othaim said in a bourse statement.
Ebdaa Al Qasr is a consumer and food products retailer known for operating the premium Manuel Market chain across the kingdom.
(Writing by Brinda Darasha; editing by Daniel Luiz)
