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  1. Mubasher News
  2. Al-Menu raises SAR 38mn funding round

Al-Menu raises SAR 38mn funding round

NOHA.GAD
Oct 2, 2024
Al-Menu secured SAR 38 million in a funding round led by Al Majdiah Investment

Riyadh - Sharikat Mubasher: Al-Menu Company, a leading smart operations provider in the food and beverages (F&B) sector, successfully secured SAR 38 million in a funding round led by Al Majdiah Investment, with participation from several investors.

The Riyadh-based company will utilize the investments to expand its service portfolio for restaurants, a recent statement revealed.

Founded in 2022, Al-Menu Company provides innovative operation system applications and strategies to optimize restaurants’ business processes and enhance overall efficiency.

CEO Mamdouh Ali stated that Al-Menu aims to provide operational system solutions to thousands of restaurants and cafés while contributing to reducing operational costs and upgrading labor efficiency in the F&B sector.

Moreover, Nasser Al Majed, CEO of Al Majdiah Investment, noted that investing in Al-Menu aligns with the company’s mission to enhance the hospitality sector by providing innovative and affordable operational solutions, in alignment with Vision 2030’s goals.

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Saudi Arabia
Food and Beverages
Investments
Hospitality
Vision 2030
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