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July 28, 2015 12:54 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

Phone:

966 12 6825444

Fax:

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

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.

Al Raya Reportedly Up For Sale

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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