Fawaz Abdulaziz Alhokair & Co. has acquired Innovative Union Company
Fawaz Abdulaziz Alhokair & Co. (Alhokair) has acquired Innovative Union Company from Food and Entertainment Co. Ltd.
Alhokair is a leading fashion, beauty and food retailer in Saudi Arabia, with international operations across 13 countries and long-term relationships with more than 80 leading international retail brands. The business operates 530,000 square miles of real estate space across approximately 100 shopping malls. It is listed on the Saudi Stock Exchange and has a market capitalization of circa US$1 billion.
Innovative Union Company, based in Saudi Arabia, has the franchise rights for ten profitable international food and beverage brands.
Oaklins’ team in Saudi Arabia acted as the exclusive financial advisor to the buyer in this transaction.
Talk to the deal team
Managing DirectorRiyadh, Saudi Arabia
Brecon Beacons Holiday Cottages has been acquired by The Travel Chapter
The shareholders of Brecon Beacons Holiday Cottages have sold the company to The Travel Chapter Ltd.Learn more
Shookit has been acquired by Atara
Bond, a fast and accurate last-mile company, has sold Shookit, a fresh products provider, to Atara, run by members of the Atar family, third generation farmers.Learn more
Giacomo Group has been acquired by FIDIM S.r.l.
The private shareholders of Giacomo Group have sold a stake in the company to FIDIM S.r.l.Learn more