Sama Kingdom Foodstuff Fund.

Sama Kingdom’s subsidiary, Sama Foods Company (Limited Liability Co.) is operating in importing, exporting, wholesale and retail trading of all kinds of food products, and selling frozen foodstuffs, in addition to operating supermarkets, automated bakeries, and buffets. The company is focusing on importing the finest quality of basic food items and products to meet the Saudi market needs, and to ensure providing the highest levels of quality to the Saudi consumer. The company is also keen to comply with the standards of food safety by tracking the product from its original source until reaching to the final consumer, by providing storage conditions and preserving materials along the supply chain at all stages of shipping and transportation.

Kingdom Sama Foodstuff Private Fund is a closed private multi-investment fund with the aim of achieving capital growth over the short- and medium-term horizon through the acquisition of majority or minority stakes of companies or institutions or branches of companies operating in foodstuff trading and retail sectors. The liquidity and investments owned by the fund will be used to support the operational activities and achieve the fund's objectives through restructuring investments. The fund manager will acquire Sama Food Trading Company at a value of SAR 75 mn, in exchange for issuing in-kind units of 7.5 mn units, at a value of SAR 10/unit, to be owned by the shareholders of Sama Food Trading Co. The fund manager will manage to raise SAR 25 mn from investors to reach a total fund size of SAR 100 mn. Accordingly, the ownership stake of the shareholders of Sama Food Trading Co. in the Fund would reach 75%.