Leading global law firm, Baker McKenzie has advised Fakieh Poultry Farms Co ("Fakieh"), a prominent player in Saudi Arabia's poultry industry, on the sale of 30% of their stake in Fakieh’s subsidiary, Al Tazaj Fakieh BBQ Chicken Company (the “Company”), a company known for Al Tazaj flagship restaurant. This transaction was finalized in December 2024 (the “Transaction”).
The Baker McKenzie team provided comprehensive legal support and guidance throughout the entire transaction, leveraging their extensive expertise in mergers and acquisitions to ensure a smooth and successful outcome.
Al Tazaj Fakieh BBQ Chicken is a privately held company and remains majority owned by Fakieh Poultry Farms Co. The brand's first restaurant, "Taza" began its operations in Mekkah, Saudi Arabia, in 1989. Since then, Al Tazaj has expanded its footprint significantly, with 110 Taza locations now operating across the Middle East.
Karim Nassar, Managing Partner at Baker McKenzie in Saudi Arabia, stated: "We are honored to have supported Fakieh Poultry Farms Co alongside ANB Capital who were lead advisers on this significant transaction. The sale of shares in Al Tazaj Fakieh BBQ Chicken Company marks a pivotal moment for Fakieh as they continue to grow and diversify their operations. We are thrilled to see this deal successfully completed."
Stephanie Samuell, Corporate M&A Partner at Baker McKenzie, also commented: "The transaction underscores the strong appetite for investment in Saudi Arabia's thriving F&B sector. Working with our client and ANB Capital team on this deal was a rewarding experience especially as we were able to complete the Transaction within an expedited 8 week timeframe. We look forward to seeing the continued success of Fakieh in the years to come."
The Baker McKenzie team advising on this deal was led by Karim Nassar and Stephanie Samuell and included Rami Younes, Robert Eastwood, Yousef Bugaighis, Carlo Colussi, Thamer AlZayer and Fatima Ashri.