Riyadh — Mubasher: Ghida Alsultan for Fast Food Company invited its shareholders to attend the ordinary general meeting (OGM) scheduled for 12 November 2026.

The meeting, to be held virtually via the Tadawulaty platform at 18:30, will focus on several significant related party transactions and strategic acquisitions.

The primary agenda item is the vote on an agreement to acquire 100% of Simple Burger for a total value of SAR 23.80 million. The transaction involves indirect interests for Chairman Aref Qaid Al Masbahi and CEO Majed Aref Al Masbahi due to family ties with the owner of the target entity.

The acquisition price is slated for payment in three installments upon fulfillment of agreed conditions.

Additionally, shareholders will vote on a SAR 3 million partnership agreement with Saud Al Oraifi to establish a digital food brand management firm.

Under the terms, Ghida Alsultan will hold a 66.66% stake for a contribution of SAR 2 million, while the partner remains at 33.34%.

The board will also seek approval for a SAR 190,000 legal services contract with Consultants Without Borders, involving Vice Chairman Prince Mansour bin Saad Al Saud.

Electronic voting for the assembly is scheduled to begin at 01:00 on 8 November 2026.

In the first half (H1) of 2026, the company’s net profits dropped by 36.46% to SAR 2.75 million compared to SAR 4.33 million in H1-25.