Ruya Partners’ fund provides $15.5mln (SAR 58.1mln) private capital financing to Epik Foods
Summary
Abu Dhabi, UAE Abu Dhabi-based Ruya Partners, the regions first partner-owned private credit fund management firm, announced today that Ruya Private Capital I, LP, a fund managed by Ruya Partners, has completed a USD 15.5 million (SAR 58.1 million) private capital investment in Epik Foods, one of the largest technology-enabled omnichannel restaurant groups in the UAE, owning and operating various quick service dine-in restaurants, digital brands, meal kits and meal plans, hotel/gym partnerships and a catering division. The company is well positioned with a number of strong brands within multiple food categories, such as Poke & Co., Healthy & Co. Acai & Co and Route Beirut.Were excited to have Ruya Partners support as we expand across Saudi Arabia and the UAE. This investment strengthens our vision to grow Epik Foods and bring our brands to more communities, said Khaled Fadly, CEO and Founder of Epik Foods.This is the fourth investment from our fund, reflecting our strong commitment to providing highly bespoke growth financing solutions to mid-market companies across the GCC, with a focus on high-growth markets like Saudi Arabia and the UAE, said Mirza Beg, Founding Partner of Ruya Partners. We have an active investment pipeline and anticipate closing additional investments in the very near future.Ruya Partners is an independent private credit fund management firm that provides bespoke funding solutions to private sector companies in developing markets. Ruya Partners is regulated by the ADGM Financial Services Regulatory Authority.For more information, please contact: Omar AlYawer Partner E: Omar@ruyapartners.com W: www.ruyapartners.comUnder no circumstances shall this communication be deemed or construed as a direct or indirect offer to sell or a solicitation of an offer to purchase or subscribe for any securities.