09:34 AM EST, 11/11/2026 (MT Newswires) -- Nofoth Food Products (SASE:2288) will not proceed with a potential acquisition of a 70% stake in Al Wael Al Bari Beverage Serving after failing to reach an agreement with certain shareholders of the target. The packaged food products company said Wednesday it will continue exploring investment opportunities and potential acquisitions in line with its strategy and objectives. The parties signed a nonbinding memorandum of understanding for the potential deal in June.

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