Al-Menu Secures $10 Million to Boost Growth in Restaurant Sector

Al-Menu, a leading restaurant operations company, has successfully secured 38 million Saudi Riyals (approximately USD 10.1 million) in a funding round led by Al Majdiah Investment, alongside other investors. This capital injection is set to fuel the company's expansion in the restaurant services sector, where Al Menu has already established a strong presence, managing numerous restaurants and cafes across Saudi Arabia. The investment is expected to bolster one of the Kingdom’s growing sectors.

Mamdoh Ali, CEO of Al-Menu, emphasized the company's commitment to providing operational solutions for thousands of restaurants and cafes. By reducing management costs and improving workforce efficiency, Al Menu aims to further support the rapid growth seen in the sector.

Nasser Al Majid, CEO of Al Majdiah Investment, highlighted the strategic importance of this investment. He noted that it aligns with the Kingdom’s Vision 2030 goals for the hospitality industry, where offering innovative and cost-effective operational solutions will enhance the sector’s overall efficiency and increase its investment appeal.

Source: EntArabi