Derayah Private Equity Fund signs contract to acquire minority stake in Ratio Speciality

Agreement signing ceremony

Derayah Private Equity Growth Fund announced signing a contract to acquire a minority stake in Ratio Speciality Co., which is the owner of Ratio brand and specializes in the production and sale of coffee.

In a statement, the fund said the company is based in Al-Ahsa and started operations in 2018, with a clear operations plan and a systematic strategy. Then, it began expanding across the Kingdom, with a franchise model. The Ratio branches will likely reach more than 45 by the end of 2022.

Faris Al-Rashed, a board member at the fund, said the fund studied many opportunities in the cafes and restaurants sector, but it saw the Ratio achieved several benchmarks, such as having a professional management, clear vision, and plan to help the company move to the next stage.

Abdullatif Al Mulhem, Co-founder and CEO of Ratio Speciality, said the contract comes at a time the company needs a financial partner to help implement future plans, boost the level of governance, and support the company with the required competencies.

Ratio Speciality stated that it has a clear plan for listing on the capital market over the next few years, adding that it looks forward to working with Derayah Private Equity Fund to implement this plan.

Derayah Private Equity Fund was established, with the aim of acquiring minority stakes in small and medium-sized enterprises (SMEs) in the Kingdom, as well as helping them float shares on the capital markets. This is the fund's second acquisition, as it previously announced its acquisition of a stake in Hala Bostani Trading Co.

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