Catrion to acquire a 55% stake in AKCC for SAR440.9m

Catrion, a company providing catering services to airlines, agreed to acquire a 55% stake in AKCC, a company providing hospitality services focused on airport operations, for SAR440.9m. "This transaction supports CATRION’s strategic objectives to expand its footprint in the aviation and catering sector and aligns with our long-term plan to diversify revenue streams and enhance operational efficiencies through the integration of complementary activities," Catrion.