Food and Staples Retailing
Company Overview of Al Raya For Foodstuff Company Ltd
Al Raya For Foodstuff Company Ltd owns and operates supermarket chain in Saudi Arabia. It offers various products such as fruits, vegetables, meat, sea food, nuts, frozen, dairy, bakery, and grocery, as well as cosmetics, electronics and household, and jewelry and women’s accessories. The company is based in Jeddah, Saudi Arabia.
P.O. Box 51630
Key Executives for Al Raya For Foodstuff Company Ltd
Al Raya For Foodstuff Company Ltd does not have any Key Executives recorded.
Al Raya For Foodstuff Company Ltd Key Developments
Gulf Private Equity Firms Reportedly Battle For Stake In Al Raya
Aug 25 15
Three private equity firms are looking to acquire a majority stake in Al Raya For Foodstuff Company Ltd, three sources with knowledge of the matter said on Augsut 25, 2015, with a deal likely worth as much as $300 million. The Abraaj Group, Fajr Capital Limited and Gulf Capital Pvt. JSC are in the running to acquire the stake in the grocer being sold by Levant Investment Management Limited and The Rohatyn Group, LLC (TRG). These three lodged initial bids in late July and are now due to file more comprehensive proposals before the deadline for second-round bids in the next two weeks, the sources added. Abraaj and Fajr declined to comment, as did Levant Capital and TRG. Gulf Capital didn't immediately respond to a request for comment. The sources spoke on condition of anonymity as the information isn't public.
Apollo Global Management LLC (NYSE:APO) is also bidding for the Al Raya For Foodstuff, which may be valued at $460 million, EMIS reported on September 13, 2015.
Al Raya For Foodstuff Reportedly Exploring Sale
Mar 16 15
Al Raya For Foodstuff Company Ltd is looking for buyers. The company is working with Moelis & Company (NYSE:MC) in order to explore the sale of the company. Bloomberg quoted sources familiar with the matter as saying that Al-Raya’s shareholders, The Rohatyn Group, LLC and Levant Investment Management Limited are looking for a buyer for their controlling stake in the company. The news report added that it is believed that several big buyers from both private-equity and strategic bidders would like to acquire Al Raya For Foodstuff, however, a formal sale process has not begun yet.
Al Raya Reportedly Up For Sale
Feb 4 15
Al Raya For Foodstuff Company Ltd has been put up for sale by its Levant Investment Management Limited The Rohatyn Group, LLC, sources aware of the matter told Reuters. Levant Capital and TRG declined to comment. The sources spoke on condition of anonymity as the information isn't public. Four banks were in the running for the mandate, a second source added, without identifying them.
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