Barbeque Nation Hospitality Limited — JV/Acquisition, 05-02-2025: Acquisition

Barbeque Nation MENA Holding Limited has established Barbeque Nation Saudi Arabia Limited as a step-down subsidiary in Saudi Arabia, with an investment of SAR 70,000 for a 70% stake. This initiative aims to tap into the burgeoning food services market in Saudi Arabia and align with Barbeque Nation's core business. With a share capital of SAR 100,000, the new entity is in the process of incorporation and is designed to set up and operate restaurants and beverage shops, potentially enhancing the company's market footprint and operational capabilities in the region.