Gulf Business’ Post

Abu Dhabi National Hotels (ADNH) plans on listing its catering business on ADX - ADNH Catering LLC, which is well positioned to benefit from the favorable demographics in UAE and Saudi Arabia. The revenue for ADNH as of FY23 was up by 12% to AED 1.6 billion, with the hotel segment that grew at a CAGR of 24% (2020-23), contributing to over 83% of the revenue, remaining being driven by the transport segment. EBITDA margin stood at 55% - highest within the hospitality sector of UAE. As per Bloomberg the share sale is expected to raise around AED 1.1 to 1.5 billion (USD 300 to 400 million). Initially, the ADNH group held a 50% stake in ADNH Catering through a JV with Compass Group. In 1Q’24, ADNH acquired the remaining 50% shareholding of ADNH Compass for AED 227 million, resulting in the fair value gain of AED 916 million, leading to all three ADNH Catering UAE entities becoming fully owned subsidiaries of the group.   Currently ADNH is trading at 18x its FY23 earnings, with EV/EBITDA of 10.2x and P/B of 0.9x, fairly at a discount to its global peers. They continue to distribute DPS of AED 0.19/share reflecting a DY of 3%. The short-term catalyst for the stock would be the market's anticipation of ADNH’s inclusion into FTSE EM Index by Sept’24 as it meets the liquidity requirements. While the potential IPO of ADNH Catering  would serve as an additional value unlocking driver Stay tuned for more updates! #AbuDhabiNationalHotel #ADNH #Catering #IPO #Hospitality #ADX #UAE

Abu Dhabi National Hotels' (ADNH) catering unit has announced the price range for its Initial Public Offering (IPO), setting it between AED 0.91 and AED 0.96 per share. This pricing range places the company's market capitalization between AED 2.05 billion ($557 million) and AED 2.16 billion ($588 million). ADNH Catering plans to offer 900 million shares, each with a nominal value of AED 0.10, on the Abu Dhabi Securities Exchange (ADX). This represents 40% of the total issued share capital of the company. The subscription period begins today, Monday, October 7, 2024, and will close on October 14, 2024, for the UAE retail and eligible employee offerings, while the qualified investor offering will conclude on October 15, 2024. The final offer price is expected to be announced on October 16, 2024. Up to 10% of the shares offered will be allocated to existing shareholders of the ADNH Group who apply within the first or second tranche. Clive Cowley, Chief Executive Officer of ADNH Catering, highlighted the company’s growth strategy, stating, "With exposure to high-growth sectors such as healthcare and education, and an expanding geographic footprint in Abu Dhabi and Dubai, we also see significant potential in Saudi Arabia, particularly in the Eastern Region, Jeddah, and Riyadh, where we are already making excellent progress on expanding our operations." Citigroup Global Markets Limited and First Abu Dhabi Bank PJSC have been appointed as Joint Global Coordinators and Joint Bookrunners, while Emirates NBD Capital PSC and Abu Dhabi Commercial Bank PJSC will act as joint bookrunners. First Abu Dhabi Bank PJSC is designated as the Lead Receiving Bank, with Abu Dhabi Commercial Bank PJSC, Abu Dhabi Islamic Bank PJSC, Emirates NBD Bank PJSC, and Emirates Islamic Bank PJSC serving as additional receiving banks. BHM Capital Financial Services has been appointed as the stabilization manager. https://lnkd.in/dQd5dxZF Abu Dhabi National Hotels

Saudi Arabia-based Software as a Service (SaaS) provider Al-Menu Co. has successfully raised $10.12 million in a funding round led by Al Majdiah Investment, along with participation from other investors. Founded in 2022 by Mamdoh Ali, the company specializes in delivering cloud-based solutions tailored for restaurants and cafes across the Kingdom. The investment, totaling 38 million Saudi Riyals, will fuel Al Menu’s expansion in the restaurant services sector. The company has already made substantial strides in managing numerous establishments, contributing to the growth of this vital industry in Saudi Arabia. CEO Mamdoh Ali highlighted Al Menu’s commitment to providing operational solutions for thousands of food and beverage establishments. The company aims to lower management costs and enhance workforce efficiency in the rapidly evolving F&B landscape. Nasser Al Majid, CEO of Al Majdiah Investment, expressed that their investment is designed to bolster the sector’s role in achieving the goals outlined in Saudi Arabia’s Vision 2030. By offering innovative and competitively priced solutions, the partnership aims to improve the efficiency and attractiveness of the hospitality industry for further investment. https://lnkd.in/dQd5dxZF #SaudiArabia #Riyadh

💥𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 The Saudi Arabia Catering Services Market has shown remarkable potential, with a market size reaching around 𝐔𝐒𝐃 𝟒.𝟖𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐. Moreover, it is projected to maintain a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of approximately 7.0% during the forecast period of 2023-2028. 📌𝙂𝙚𝙩 𝙁𝙧𝙚𝙚 𝙎𝙖𝙢𝙥𝙡𝙚 𝙤𝙛 𝙩𝙝𝙚 𝙍𝙚𝙥𝙤𝙧𝙩: - https://lnkd.in/dnTzybSY 👉𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐞𝐫𝐬: 🔹 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝: The market is witnessing a surge in demand due to the rising number of events, business conferences, and social gatherings across Saudi Arabia.  🔹 𝐇𝐞𝐚𝐥𝐭𝐡 𝐚𝐧𝐝 𝐖𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐓𝐫𝐞𝐧𝐝𝐬: Catering services are adapting to the growing health-conscious consumer trends by offering healthier menu options and customized dietary plans. 🔹  𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: Companies are investing in technological advancements to enhance customer experience, streamline operations, and improve efficiency in the catering service sector. #saudicatering #culinarydelights #eventcatering #saudiarabia #foodiefinds #cateringservices #marketresearchreports #marketanalysis #marketgrowth #insights #trend #marknteladvisors #consultingservices #cateringmarket #foodandbeverages

Top 5 Industries For New Businesses In Saudi Arabia 2024! Saudi Arabia is a land of rapid transformation, opening up incredible opportunities for investors and entrepreneurs. Whether you're local or international, the top industries for new businesses in 2024 are worth exploring. Let's dive in! 🔍 1️⃣ Food and Beverage Sector #Growth: 4.78% annually (2022-2027) #Investment: Over SR94 billion by Dec 2023 Business Opportunities in KSA F&B Sector - Specialty restaurants - Cloud restaurants - Food delivery services - Health-focused food outlets Read more about Cloud Kitchen in Saudi Arabia https://lnkd.in/gA3cCGA8 2️⃣ Gaming & Entertainment Sector #Rank: 19th largest globally #Market Value: To soar from $1B (2021) to $6.8B by 2030 Business Opportunities in KSA Gaming & Entertainment Industry - Gaming centers and lounges - Event management - Game development 3️⃣ Travel and Tourism Sector #Goal:100M visitors by 2030 #Tourism Projects: #Neom, #Red Sea, #Qiddiya  Business Opportunities in KSA Travel & Tourism Sector - Tour operators - Hospitality and accommodation services - Travel agencies - Umrah and Hajj agencies Read more : https://lnkd.in/giZDFzwE 4️⃣ Healthcare Sector #Program: Health Sector Transformation #Market: Forecast to reach $11B by 2026 Business Opportunities in KSA Healthcare Sector - Healthcare facilities - Medical equipment and supplies - Telemedicine services 5️⃣ Construction Sector #Market Value: Expected $3.3B by 2024 Business Opportunities in KSA Construction Industry - Commercial Construction - Industrial Construction - Energy and Utilities Construction - Residential Construction Your Trusted #GRO Services Partner Navigating Saudi Arabia's business setup process can be daunting. Business Link is your go-to partner with over 15 years of experience in GRO services. We smooth out every challenge, so you can focus on your business growth. Let's talk! Don't let complexities stall your dream. Contact us today to find out how we can help you succeed in the Kingdom. Website: www.businesslinkuae.com Email: info@businesslinkuae.com #SaudiVision2030 #Entrepreneurship #UAE #investsaudi

📊𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐊𝐮𝐰𝐚𝐢𝐭 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 The Kuwait Catering Services Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. 📑𝐉𝐮𝐬𝐭 𝐢𝐧 𝐎𝐧𝐞 𝐂𝐥𝐢𝐜𝐤, 𝐆𝐞𝐭 𝐔𝐧𝐩𝐚𝐢𝐝 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟓-𝟑𝟎)- https://lnkd.in/dnSN-wwC ✅𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 ▶️𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Government initiatives to develop sectors beyond oil and gas are spurring investments in hotels, restaurants, shopping malls, and cafes, creating a booming demand for top-notch catering services. ▶️𝐑𝐢𝐬𝐢𝐧𝐠 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧: The increasing number of professionals with minimal time for cooking is driving demand for convenient, high-quality catering solutions across corporate offices, schools, and colleges. ✅𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: The Kuwait Catering Services Market presents a significant growth opportunity through 2028. With a focus on economic diversification, government investment in various sectors like hospitality, and the rising population along with increased tourism, the demand for catering services is on the rise. Online catering services are gaining momentum, catering to the busy working population's needs. Themed restaurants and fine-dining eateries are emerging as popular choices, especially in corporate settings, leading to enhanced employee satisfaction. #KuwaitCatering #CateringServicesKuwait #KuwaitEvents #KuwaitHospitality #EventCateringKuwait #CorporateCateringKuwait #KuwaitFoodService #WeddingCateringKuwait #PartyCateringKuwait #KuwaitCaterers #CateringBusinessKuwait #HospitalityKuwait #marketresearch #researchreport #marknteladvisors

Only 1 day to go until FFCC Riyadh 2024, powered by Foodics - see you all there tomorrow! Get ready for an inspiring day packed with insights and networking opportunities. From balancing geopolitical trends with profitability, to leveraging Vision 2030 for industry growth, and exploring AI integration for smart restaurants, this event has it all. Join us for a day of thought-provoking sessions and valuable connections! Get your tickets now and secure your spot for this unmissable event! Agenda Highlights: 11:00 - Welcome Address 11:10 - Balancing Geopolitical Trends with Restaurant Profitability and Offerings 11:25 - Global Insights on the Future of Hospitality with a Focus on Experience, Design and Technology 12:00 - The Vision 2030 Initiative - A Growth Catalyst for the Restaurant Industry 12:50 - Saudi Arabia - Restaurant and Foodservice Trends 15:30 - Creating Value: Aligning  your Offerings with Customer Expectations 16:25 - Frozen Fries Frenzy: Unveiling Global Growth and the Impact of Saudi Arabia’s Local Footprint 16:30 - Data is the New Cooking Oil: Using Technology to Drive Digital Growth 16:35 - Closing the Gap with Digital Solutions for the Food Supply Chain 16:35 - Masterclass in Delivery: Boosting your Restaurant’s Profit with Every Order 17:15 - What Makes Top Brands Stand Out in a Competitive Market? 17:20 - Fast, Efficient, and Connected: Driving Energy Efficient and Digital Innovation in Quick Service Restaurants 17:30 - Putting Brand Licensing on your Plate! 17:40 - Local SEO: The Sectret to Getting Found on Page 1 Google without Spending Millions on Google Ads 18:15 - Driving Efficiency and Customer Experiences in your Drive-Thru Services 18:55 - Smart Restaurants: Ways to Integrate AI into your Day-Day Operations #FFCC2024 #Riyadh #FoodIndustry #Networking #Innovation

📊𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐊𝐮𝐰𝐚𝐢𝐭 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 The Kuwait Catering Services Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28. 📑𝐉𝐮𝐬𝐭 𝐢𝐧 𝐎𝐧𝐞 𝐂𝐥𝐢𝐜𝐤, 𝐆𝐞𝐭 𝐔𝐧𝐩𝐚𝐢𝐝 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟓-𝟑𝟎)- https://lnkd.in/dnSN-wwC ✅𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 ▶️𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Government initiatives to develop sectors beyond oil and gas are spurring investments in hotels, restaurants, shopping malls, and cafes, creating a booming demand for top-notch catering services. ▶️𝐑𝐢𝐬𝐢𝐧𝐠 𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧: The increasing number of professionals with minimal time for cooking is driving demand for convenient, high-quality catering solutions across corporate offices, schools, and colleges. ✅𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: The Kuwait Catering Services Market presents a significant growth opportunity through 2028. With a focus on economic diversification, government investment in various sectors like hospitality, and the rising population along with increased tourism, the demand for catering services is on the rise. Online catering services are gaining momentum, catering to the busy working population's needs. Themed restaurants and fine-dining eateries are emerging as popular choices, especially in corporate settings, leading to enhanced employee satisfaction. #KuwaitCatering #CateringServicesKuwait #KuwaitEvents #KuwaitHospitality #EventCateringKuwait #CorporateCateringKuwait #KuwaitFoodService #WeddingCateringKuwait #PartyCateringKuwait #KuwaitCaterers #marketresearch #researchreport #marknteladvisors

Fueling Growth: Facilities Management in Saudi Arabia's Booming F&B Sector The impressive 13.6% annual growth in Saudi Arabia’s restaurant and café sector, driven by rising consumer demand and increased point-of-sale transactions, signals more than just a thriving food and beverage market. It highlights the expanding opportunities in the facilities management (FM) industry, where seamless operations, maintenance, and customer experiences are paramount. As international brands set their sights on the Kingdom, the demand for sophisticated FM services continues to grow, offering immense potential for innovation and excellence. With Saudi Arabia's F&B sector on the rise, the FM industry is poised for unprecedented growth. #FacilitiesManagement #SaudiArabia #FMIndustry #FandB #GrowthOpportunities #ConsumerDemand #MarketExpansion #InnovationInFM #SaudiVision2030

Al Menu Secures $10.12 Million Funding for Growth Saudi Arabia-based Al-Menu Co., a food and beverage SaaS provider, has secured $10.12 million (38 million Saudi Riyals) in a funding round led by Al Majdiah Investment and other investors. Founded by Mamdoh Ali, Al Menu offers cloud-based operational solutions to restaurants and cafes, aiming to reduce management costs and boost workforce efficiency. The investment will fuel the company's expansion in the restaurant services sector, which has seen rapid growth. Al Menu plays a key role in developing this sector, aligning with Saudi Vision 2030 goals. Nasser Al Majid, CEO of Al Majdiah Investment, emphasized the importance of supporting this industry to enhance its efficiency, competitiveness, and investment attractiveness. Key Highlights: ⁍ Funding Amount: $10.12 million (38 million Saudi Riyals) ⁍ Investors: Al Majdiah Investment and other investors ⁍ Founded By: Mamdoh Ali ⁍ Founded In: 2022 ⁍ Sector: Restaurant and cafe operations ⁍ Objective: Support expansion in restaurant services, reduce operational costs, and increase workforce efficiency ⁍ Alignment: Contributes to Saudi Arabia’s Vision 2030 goals for the hospitality industry Leadership Perspectives: ❝Mamdoh Ali, CEO of Al Menu: “Our goal is to provide operational solutions that help thousands of restaurants and cafes reduce management costs while enhancing workforce efficiency. This funding will enable us to expand our services and contribute to the growth of a vital sector in the Kingdom.” ❝Nasser Al Majid, CEO of Al Majdiah Investment: “Investing in Al Menu reflects our commitment to strengthening the hospitality sector in Saudi Arabia. We aim to support innovative operational solutions that align with Vision 2030, enhancing the efficiency and investment appeal of this promising industry.” Implications for the Saudi F&B Sector: This funding round highlights the growing potential of SaaS solutions in the restaurant industry. Al Menu is poised to enhance operational efficiencies in Saudi Arabia's food and beverage sector, aligning with national goals for economic diversification and sectoral growth. #AlMenu #FundingRound #SaaS #RestaurantTech #FoodAndBeverage #SaudiArabia #Investment #Vision2030 #HospitalityIndustry #CloudSolutions #OperationalEfficiency #FundingNews #MENA #BreakingNews #Rasmal