In a significant strategic move, Ban Holding Group announced the conclusion of a sale agreement for its entire stake in the real estate and tourism development company “Torisco”, in favor of Abdulrahman Bin Abdullah Al-Mousa & Sons Company, in a deal with a total value of 118.8 million Saudi Riyals.
According to the official statement issued by the company and published on the Saudi Stock Exchange (Tadawul), the sold stake represents 48.5% of the total share capital of Torresco. This transaction is an integral part of Ban Holding Group's transformation strategy, which is based on a thorough review and reassessment of revenue streams and core operations, with the aim of focusing resources on the most profitable and high-growth sectors.
General context and importance of the deal
This deal is significant because it reflects a general trend in the Saudi market, where major companies are restructuring their investment portfolios to align with the goals of Vision 2030. The real estate and tourism sectors, in which Turisco operates, are experiencing unprecedented growth driven by mega-projects and massive government investments aimed at diversifying the Saudi economy away from oil. By selling this stake, Ban Holding is freeing up substantial cash that can be redirected to strengthen its core operations or invest in promising new opportunities.
Financial impact and future trends
The transaction is expected to have a direct and positive financial impact on Ban Holding. The company anticipates net profits of approximately SAR 61.6 million, which are scheduled to be reflected in the financial results for the first quarter of fiscal year 2026. The company confirmed that the cash proceeds from the sale will be primarily used to strengthen working capital and bolster liquidity, providing greater flexibility to develop its core business and finance its future expansion plans.
On the other hand, Abdulrahman bin Abdullah Al-Mousa & Sons' acquisition of this stake represents a step to strengthen its presence in the vital tourism and real estate sector, indicating its strong confidence in the promising future of this sector in the Kingdom. Such transactions are indicative of the maturity of the Saudi market and its ability to attract local investments, while also activating the role of the private sector as a key partner in achieving sustainable development.
