• Ruya Partners invested USD 15.5 million into Epik Foods to support expansion in Saudi Arabia and the UAE.
• Epik Foods operates over 60 F&B brands across 50 locations, with 20 more sites planned.
• The funding will enhance Epik Foods’ liquidity and facilitate key acquisitions in the region.

Ruya Partners, a regional private credit fund management firm, has announced a USD 15.5 million investment through its Ruya Private Capital I, LP fund into Epik Foods.

This funding will boost Epik Foods’ expansion in Saudi Arabia and the UAE. It is supporting key acquisitions and enhancing liquidity.

Additionally, Epik Foods, an omnichannel restaurant group in the UAE. It operates quick-service restaurants, digital brands, meal plans, and catering services. The investment will fuel its growth in both the Saudi and UAE markets.

Founded by Khaled Fadly, Ranya Basyuni, and Gulf Islamic Investments (GII), Epik Foods manages also over 60 unique F&B brands across 50 locations.

Investor and Leadership Insights

“We’re excited to have Ruya Partners’ support as we expand across Saudi Arabia and the UAE. This investment strengthens our vision to grow Epik Foods. It brings our brands to more communities,” said Khaled Fadly, CEO and Founder of Epik Foods.

“This is the fourth investment from our fund, reflecting our strong commitment to providing highly bespoke growth financing solutions to mid-market companies across the GCC, with a focus on high-growth markets like Saudi Arabia and the UAE,” said Mirza Beg, Founding Partner of Ruya Partners.

“Epik Foods has demonstrated a clear and well-executed growth strategy, and GII has been a crucial partner in Epik Food’s journey. We are excited to support Epik Foods as they scale their operations and capture the immense potential in the region.”

Funding Support Across MENA

“This investment highlights the value of partnering with established financial sponsors like GII,” said Rashid Siddiqi, Founding Partner of Ruya Partners.

“Having invested in private capital across the region for over 15 years. We are particularly enthusiastic about supporting financial sponsor-led transactions like this,” Siddiqi added.

Omar Al Yawer, Partner at Ruya Partners, also added, “Our fund’s portfolio now spans diverse sectors such as media, energy, fitness and food. We have an active investment pipeline and anticipate closing additional investments in the very near future.”