Alfakhera for Mens Tailoring Co. announces the purchase of a number of trademarks for SAR (39,175,000)
| Element List | Explanation |
|---|---|
| Transaction Details | Purchase of the trademarks (Hamza, More, Lomar and Shemagh Al Shaer), registered with the Saudi Authority for Intellectual Property (SAIP), together with all associated intellectual property rights, in addition to certain equipment and assets. |
| Transaction Amount | SAR (39,175,000) |
| Transaction Conditions | • The sale includes the final assignment and transfer of ownership of the aforementioned trademarks and intellectual property rights, in addition to certain equipment and assets. • The transfer shall be made directly to Alfakhera for Mens Tailoring Co. or to a wholly owned (100%) subsidiary thereof. |
| Parties of the Transaction | • Seller: Savile Row Company (Limited Liability Company). • Buyer: Alfakhera for Mens Tailoring Co. |
| Transaction Financing Method | Available credit facilities. |
| Date of Entering Into The Transaction | 2025-10-20 Corresponding to 1447-04-28 |
| Description of Activity of The Asset Subject of The Transaction | Trademarks registered in the Kingdom of Saudi Arabia in the apparel category. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | The purchase is limited to the trademarks, intellectual property rights, and certain related goods and equipment. |
| Transaction reasons | The transaction aims to support the Company’s business and projects, grow its market share, and strengthen its product portfolio. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction is expected to have a positive impact on the Company’s revenues and profits. The Company would like to note that the positive financial impact of the transaction has already been reflected and has begun to appear in the results of its annual financial statements for the year ended 31 December 2025 and subsequent periods. |
| Related Parties | None |
Comments