02:07 AM EDT, 07/30/2026 (MT Newswires) -- Abdulaziz and Mansour Ibrahim Albabtin (SASE:9549), d/b/a Al Babtain Food, agreed to sell its entire 3% stake in Jordan-based Chocolate Lake for Chocolate and Confectionery Manufacturing worth 3.6 million Saudi riyals. The transaction is part of buyer Indulgent Food International's pursuit of a 70% stake in the target company, according to a Thursday filing from Saudi-listed pastry and ice cream company Al Babtain Food. Chocolate Lake was valued at $171 million. The deal remains subject to regulatory clearances and other customary closing conditions.

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