Alamar Foods Company has signed a share purchase agreement to acquire 100 percent of AlShaghaf Arabia LLC, also known as Cravia Arabia Company, the franchisee of Five Guys in Saudi Arabia. The transaction is valued at up to SAR85 million, subject to post-closing adjustments and performance conditions. Cravia Arabia holds the exclusive franchise rights for the brand in the Kingdom and operates 13 restaurants across Riyadh, Jeddah, Dammam and Khobar. Alamar company said that the acquisition supports its strategy to enter the burger category within Saudi Arabia’s quick service restaurant market. Filippo Sgattoni, CEO of Alamar Foods, further shared: "The intended acquisition of Five Guys brand aligns directly with our strategy to expand into core categories, strengthen our market position, and drive profitable growth. By entering the premium burger segment with a globally recognised brand, we are broadening our multi-brand platform and unlocking attractive long-term potential. "With Alamar’s scale and operational expertise, we are well-positioned to elevate the Five Guys experience, enhance performance, and realise meaningful synergies. We thank Cravia Group for building a strong base for the brand in Saudi Arabia and look forward to advancing its next phase of growth under Alamar’s stewardship."

Our new store is ready to serve our guests with the latest products and Italian trends in the world of beauty & cosmetics. A BIG THANKS always goes to our AZADEANS for making the impossible possible.

Congrats to our team in Kuwait for opening 9 new stores in Assima Mall. The brands are Zara, Zara Home, Stradivarius, Pull&Bear, Bershka, Boggi, Sunglass Hut, KIKO Milano, and PAUL. All our AZADEANS worked hard around the clock, especially during the last few weeks, to achieve the impossible, and WE DID IT! We would like to extend our appreciation and gratitude to all the superheroes who helped us achieve this milestone!

There are no secrets to success. It is the result of preparation, hard work, and continuous learning. Congrats to KSA team for their newest store openings. 😊 KIKO Milano in Al-Rashed Mall - Khobar, and Sunglass Hut in Jeddah Park. Thank you AZADEANS & best of luck! 👏👏👏 Click & apply for a chance to join our growing team: https://bit.ly/33l4LeI

We are happy to announce the opening of Sunglass Hut in Al-Andalus Mall – Jeddah, in KSA. Thank you AZADEANS for making anything possible!!!

Saudi Arabia based retail group Fawaz Abdulaziz Alhokair & Co. (Tadawul 4240) has announced the signing of a franchise agreement to introduce Italian cosmetics brand KIKO Milano to the Kingdom exclusively at Arabian Centres malls across the country. In the coming 12 months, six stores will open at leading locations in Jeddah, Riyadh, Dhahran and Makkah, among others as part of a plan for the popular international brand to open branches at almost every Arabian Centres’ current 21 lifestyle destinations that are spread across the Kingdom. The arrival of KIKO Milano in Saudi Arabia builds on an international presence for the cosmetics company that already has more than 900 stores in 21 countries, with its products available online in 35 nations. The first Arabian Centres destinations set to host the stores this year include Al Nakheel Mall in Riyadh, Mall of Arabia in Jeddah, Mall of Dhahran in Dhahran and Makkah Mall in Makkah. The franchise deal with KIKO Milano is the latest step in Fawaz Abdulaziz Alhokair & Co.’s continued commitment to expanding its portfolio of lifestyle and consumer brands and attracting premium cosmetics brands to the Kingdom of Saudi Arabia. Commenting on the agreement Marwan Moukarzel, CEO of Fawaz Abdulaziz Alhokair & Co. says, “We are delighted to be introducing another quality international brand to the Kingdom that answers to the growing sophistication and demands of the Saudi shoppers and their desire to have access to the very best international beauty and cosmetics products. The arrival of KIKO Milano will be a valuable addition to our portfolio and we are looking forward to the impact they will have as we open six stores in the coming 12 months in Arabian Centres malls and expand into their Kingdom-wide network of destinations in the years ahead.” “We are very excited to bring our Italian vision of beauty to the Kingdom, and to partnering with Fawaz Abdulaziz Alhokair & Co to make this a reality. KIKO’s relentless pursuit for colour, variety and wonderful new expressions of beauty, offers women endless possibilities to make us a part of their daily lives. We are committed to making KIKO the favourite of every woman in the Kingdom,” adds Cristina Scocchia, CEO of Kiko Milano.