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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.

Tags

Saudi Arabia
Food and Beverages
Investments
Hospitality
Vision 2030
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