October 23, 2016 2:37 AM ET

Food and Staples Retailing

Company Overview of Al Raya For Foodstuff Company Ltd

Company Overview

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.

Sari Street

P.O. Box 51630

Jeddah,  21553

Saudi Arabia


966 12 6825444


966 12 6390487

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

Abraaj And Fajr Capital Reportedly To Stall Talks To Acquire Al Raya For Foodstuff

Talks for the sale of a majority stake in Saudi Arabian supermarket chain Al Raya For Foodstuff Company Ltd by The Rohatyn Group, LLC and Levant Investment Management Limited to Dubai-based private equity firms The Abraaj Group and Fajr Capital Limited have stalled, according to three people with knowledge of the matter.

Gulf Private Equity Firms Reportedly Battle For Stake In Al Raya

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

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.

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Recent Private Companies Transactions

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