Foodics mulls IPO in Saudi Arabia by 2025-end: CEO

13/05/2024 Argaam
Ahmed AlZaini, CEO and Co-Founder of Foodics Co.

Ahmed AlZaini, CEO and Co-Founder of Foodics Co.

Foodics Co. is studying an initial public offering (IPO) of a 30% stake in the Saudi market by the end of 2025, CEO and Co-Founder Ahmed AlZaini told Asharq.

 

Earlier this year, the company embarked on initial plans for a share sale.

 

For More IPOs

 

Foodics made profit and targets investors to finance mergers and acquisitions, AlZaini added.

 

Foodics was established in 2013. It runs a restaurant management system. In 2020, the company obtained a license from SAMA.

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