{"id":104825,"date":"2026-03-03T00:00:00","date_gmt":"2026-03-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=104825"},"modified":"2026-03-03T10:19:25","modified_gmt":"2026-03-03T10:19:25","slug":"catrion-completes-al-khalejiah-acquisition-another-logistics-park-is-on-the-way","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/03\/03\/catrion-completes-al-khalejiah-acquisition-another-logistics-park-is-on-the-way\/","title":{"rendered":"Catrion completes Al Khalejiah acquisition + Another logistics park is on the way"},"content":{"rendered":"

\n

Catrion fast-tracks 55% AKCC acquisition ahead of schedule<\/p>\n

Catrion Catering Holding completed its acquisition of a 55% stake in Al <\/strong>Khalejiah <\/strong>Catering (AKCC) earlier than expected<\/strong>, according to a Tadawul disclosure<\/a>. The agreement \u2014 originally slated for completion in 2Q \u2014 was finalized following regulatory clearance from the General Authority for Competition.<\/p>\n

The details: <\/strong>Valued at SAR 440.9 mn, the transaction includes an initial payment of SAR 315.2 mn and performance-based earnouts of up to SAR 125.7 mn tied to financial targets through 2027. Catrion also holds a call option to acquire an additional 15% of AKCC within the next three years.<\/p>\n

\n

Another logistics park on the way:<\/p>\n

Saudi Ports Authority (Mawani) signed an SAR 250 <\/strong>mn lease agreement with Sultan Logistics<\/strong> to set up a logistics park at Al Khumrah\u2019s Jeddah Islamic Port, according to a statement<\/a>. The 200k sqm project is expected to \u201cenhance operational efficiency and further develop the logistics services ecosystem provided.\u201d It will feature warehouses, yards for the storage and maintenance of containers, and re-export areas. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Mawani is building a logistics park in Jeddah Islamic 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