Al Waal Al Bari Beverages
Saudi limited liability company behind the Al Waal specialty coffee brand, with its own roasting facility and a confectionery and bakery facility. Nofoth Food Products signed a non-binding MoU in June 2026 to explore buying 70 percent.
Industry: Specialty coffee and bakery | Location: Saudi Arabia
About Al Waal Al Bari Beverages
Al Waal Al Bari Beverages is a Saudi Arabian limited liability company that operates the Al Waal brand, which is positioned in the specialty coffee shop sector. According to the disclosure made by Nofoth Food Products, the business is vertically integrated: alongside its coffee shop operations it runs its own coffee roasting facility and a dedicated laboratory for the production of sweets and baked goods. The company came into public view in June 2026, when Nofoth Food Products, a company listed on Nomu, the parallel market of the Saudi Exchange, announced that it had signed a memorandum of understanding on 28 June 2026 to study the acquisition of a 70 per cent stake in it. Nofoth published the announcement on 29 June 2026. Argaam, Maaal, Decypha and Enterprise reported the agreement. The memorandum is non-binding. It sets out a preliminary framework under which Nofoth will assess whether it can take a controlling interest from the several existing owners of Al Waal Al Bari. It runs for 180 days from signing and can be renewed if both parties agree in writing. During that period the two sides have committed to confidentiality and exclusivity. The work covered by the MoU includes evaluating the potential transaction, carrying out legal, financial, tax and Zakat due diligence, and valuing the target company. Any completion would depend on the outcome of due diligence and valuation, on the regulatory and contractual approvals required, and on the signing of definitive binding agreements. Nofoth said the MoU itself has no financial impact and that it would disclose material developments in line with regulatory requirements. No price or valuation was published. Nofoth said the proposed transaction fits its 2026-2030 strategic plan to expand and diversify its food and beverage portfolio. A 70 per cent holding would give the listed company majority control of the coffee business. Nofoth has been active in dealmaking: in August 2026 it agreed to buy a 65 per cent stake in Plenty Food for SAR 52.7 million, and it earlier acquired the Maqsood restaurant brand. Public information on Al Waal Al Bari Beverages itself remains limited. Its founders, founding year, headquarters city, number of outlets and financial results have not been disclosed in the announcements, and no funding rounds have been reported.