Baker McKenzie Advises CATRION Catering Holding Company on Strategic Majority Stake Acquisition of Al Khalejiah Catering Company

Baker McKenzie advised CATRION Catering Holding Company SJSC (“CATRION”), a leading Saudi Arabian provider of hospitality and catering provider, on its execution of a Sale and Purchase Agreement relating to the acquisition of a 55% equity stake in Al Khalejiah Catering Company (“AKCC”).

Valued at up to SAR 440.86 million, the transaction will be financed through CATRION’s internal resources and Shariah-compliant banking facilities. The acquisition reinforces CATRION’s leadership in Saudi Arabia’s catering and hospitality sector and aligns with its long-term growth and diversification strategy under Vision 2030.

Leading on the transaction, David Monnier, Partner of Baker McKenzie Law Firm, commented “This strategic transaction underlines CATRION’s confidence and continued commitment in the Kingdom’s food services and airport catering sector. Our Riyadh team advised on key documentation and regulatory approvals helping all parties navigate a complex, multi stakeholder process.”

Karim Nassar, Managing Partner of Baker McKenzie Law Firm, added: “This acquisition marks a major step for CATRION as it continues to innovate and broaden its reach to serve customers across airports, rail and large‑scale events. Our team at Baker McKenzie is proud to have supported the CATRION team in a deal that reflects the dynamism of Saudi Arabia’s catering and hospitality sector.”

Completion of the transaction remains subject to the satisfaction of certain conditions precedent, including some regulatory approvals.

The Baker McKenzie Riyadh Corporate/M&A team advised on all legal aspects of the transaction, including structuring, due diligence, regulatory compliance, and drafting of acquisition agreements. The team was led by Karim Nassar and David Monnier and included Yousef Bugaighis, and Thamer AlZayer.