Hourani advises Dubai’s Gulf Japan Food Fund on adding Al-Faris Food Group to its food and beverage portfolio

Hourani & Partners has advised Gulf Japan Food Fund (GJFF) in its acquisition of a majority stake in Al-Faris Food Group. This investment marks the company’s 9^th successful transaction (2^nd in Saudi Arabia) which showcases their growth and confidence in the potential of the KSA and the larger MENA market.

 
GJFF is an international private equity fund that specializes in the food and beverage sector. It is backed by prominent Japanese institutions including Mizuho Bank and The Norinchukin Bank of Japan along with sovereign investors in the GCC.

Established in 1985, Al-Faris Food Group has grown to become one of the leading producers of top-quality sauces and condiments with extensive distribution capabilities within Saudi Arabia and the wider MENA region. Baidar a prominent brand of the company has become a household favourite for consumers within Saudi Arabia.

The transaction was led by partners Rudolf Goldschmidt and Anas Akel along with support from Jonathan Burns, Salman Alhamrani and Nader Girgis.