عربي

Al Menu raises $10 million to boost operations in Saudi Arabia

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Arabic

Al Menu raises $10 million to boost operations in Saudi Arabia
  • Saudi Arabia-based F&B SaaS provider Al Menu has closed a $10.12 funding round, led by Al Majdiah Investment and other investors. 
  • Founded in 2022 by Mamdoh Ali, Al Menu provides cloud-based solutions for restaurants and cafes in Saudi Arabia.
  • The investment aims to support the company’s expansion in restaurant service.

Source: EntArabi

Al Menu, a company specialising in restaurant operations, has announced the successful closing of a funding round worth 38 million Saudi Riyals, led by Al Majdiah Investment and other investors. The investment aims to support the company’s expansion in restaurant services, where Al Menu has shown significant growth in managing a large number of restaurants and cafes, contributing to the development of one of the Kingdom’s key sectors.

Mamdoh Ali, CEO of Al Menu, stated that the company aims to provide operational solutions for thousands of restaurants and cafes by reducing operational management costs and increasing workforce efficiency in this sector, which has witnessed remarkable growth in recent years.

Nasser Al Majid, CEO of Al Majdiah Investment, added that their investment in Al Menu is aimed at strengthening the role of this sector in achieving the Vision 2030 goals for the hospitality industry by offering innovative operational solutions at competitive prices, enhancing the efficiency of this promising sector, and boosting its investment appeal.

 

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