Tuesday, March 21, 2023
The Property Reporter
  • Home
  • News
  • Retail
  • Residential
  • Office
  • Industrial
  • Hotel
  • Buying a Home
  • Selling a Home
No Result
View All Result
  • Home
  • News
  • Retail
  • Residential
  • Office
  • Industrial
  • Hotel
  • Buying a Home
  • Selling a Home
No Result
View All Result
The Property Reporter
No Result
View All Result
Home Hotel

Dividend Gate Capital Group and its partners establish Food District Company to invest in the hospitality sector

PrR by PrR
2022-04-24
in Hotel
0
Dividend Gate Capital Group and its partners establish Food District Company to invest in the hospitality sector
20
SHARES
152
VIEWS
Share on FacebookShare on Twitter


Mohammed Abdulaziz Al-Rajhi & Sons Investment Company “Al-Rajhi Investment” and Dividend Gate Capital, established Food District, to invest in the food and beverage sector through the acquisition and establishment of several restaurants throughout the Kingdom, to become a distinct holding company in this field. Khashoggi Holding Company, Al-Saedan Real Estate Company, Abdulrahman Al-Suhaim Real Estate Investment Company, Mohammed bin Ishaq Holding Company, and a group of businessmen from the Kingdom of Saudi Arabia and the Gulf contributed to this establishment. The signing ceremony was held at Voco Hotel in Riyadh.

Marking the occasion, Khaled Al Hammadi, CEO of Dividend Gate Capital, expressed his gladness with the partnership of reputable groups and businessmen who have a long history in the world of business and trade in the Kingdom of Saudi Arabia and the Gulf countries to benefit from their expertise.

He added, “This partnership is in line with Dividend Gate Capital’s strategy to acquire restaurants in the Kingdom of Saudi Arabia; it complements the path of success achieved by the company in the past period by building an integrated team with long experience in the field of hospitality management.” Noting that this partnership will contribute to achieving the Kingdom’s 2030 vision.

Al Hammadi added, “Food District will be listed in the Saudi market in the upcoming short period.” Al Hammadi also announced a series of acquisitions in the field of hospitality and restaurants in Saudi Arabia.

The CEO of Al-Rajhi Investment Company, Mr. Mohammed Al-Samman commented “The food and beverage sector is witnessing distinguished returns in light of the great consumption and economic growth witnessed by the Kingdom within the framework of the Kingdom’s vision 2030.”He added “ The partnership with our investors comes as part of the company’s endeavor to enhance its pioneering role to invest in multiple fields, including contributing to this promising sector and participation in achieving the goals of the Kingdom’s Vision 2030.”

-Ends-

About Al-Rajhi Investment Company

Al-Rajhi Investment Company is one of the largest investment companies in the Kingdom of Saudi Arabia and the region since its founding in 1929. It has a distinct and diversified investment portfolio, based on leading industrial subsidiaries in the building materials sectors (Al Rajhi Steel), beverages (Berain) and the tourism sector (Saudi Tourism Development) and durable goods (Al-Jazeera for household appliances), in addition to its investments in the banking and real estate sectors.

About Dividend Gate Capital and Partners

Dividend Gate Capital and Partners is a growth capital company that believes in cash injection for business development and achieving higher results. It is worth noting that DGC is recruiting a highly qualified team that is equipped to manage and operate various businesses in several industries, most notably, the medical and food sectors. During this short period, the company demonstrated the success of the unique approach it followed in managing its companies by encouraging growth in the main economic sectors, which contributed to strengthening its leading position within the markets as well as through its initiative to create strategic partnerships with prestigious institutions.



Source link

Previous Post

A CT group home director wants to cash in on her state-funded properties

Next Post

House looks like it’s being eaten by overgrown vegetation that’s ‘damaged neighbour’s property’

Next Post
House looks like it’s being eaten by overgrown vegetation that’s ‘damaged neighbour’s property’

House looks like it's being eaten by overgrown vegetation that's 'damaged neighbour's property'

RECOMMENDED

2023 Real Estate Market Forecast: What Homebuyers and Sellers Can Expect

2023 Real Estate Market Forecast: What Homebuyers and Sellers Can Expect

2023-03-17
The Growing Demand for E-Commerce Warehouses: An Opportunity for Industrial

The Growing Demand for E-Commerce Warehouses: An Opportunity for Industrial Real Estate

2023-03-17

MOST VIEWED

  • Fox Lake hopes to bring hotel to Mineola lakefront site; ‘Recognizing our unique position on the Chain O’ Lakes is a key driver for our progress’ – Chicago Tribune

    Fox Lake hopes to bring hotel to Mineola lakefront site; ‘Recognizing our unique position on the Chain O’ Lakes is a key driver for our progress’ – Chicago Tribune

    755 shares
    Share 302 Tweet 189
  • Doubling Down With the Derricos’ Deon boasts about ‘buying up blocks’ & promotes real estate business after foreclosure

    193 shares
    Share 77 Tweet 48
  • Historic home on 32-acre site annexed into Elgin for new industrial development free to anyone who wants to move it

    157 shares
    Share 63 Tweet 39
  • Plas Glynllifon’s new owner speaks for first time on difficult challenge to renovate mansion

    119 shares
    Share 48 Tweet 30
  • Atlanta developer plans downtown Dallas towers

    94 shares
    Share 38 Tweet 24

Recent Posts

  • 2023 Real Estate Market Forecast: What Homebuyers and Sellers Can Expect
  • The Growing Demand for E-Commerce Warehouses: An Opportunity for Industrial Real Estate
  • Hybrid Work: The Future of Office Spaces
  • Real Estate Investing in 2023: Predictions and Trends
  • The Future of Retail: Technology’s Impact on the Shopping Experience

CATEGORY

  • Buying a Home
  • Hotel
  • Industrial
  • News
  • Office
  • Residential
  • Retail
  • Selling a Home
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Property Reporter

No Result
View All Result
  • Home
  • News
  • Retail
  • Residential
  • Office
  • Industrial
  • Hotel
  • Buying a Home
  • Selling a Home

© 2021 Copyright Property Reporter