– Shrimp Nation, a Saudi homegrown food and beverage brand, is one of the fastest-growing seafood restaurant concepts in the Middle East.
– Olive Rock Partners, a leading Saudi private equity firm, has acquired a 30% stake in Shrimp Nation.
– The partnership is aimed at fueling regional and global expansion.
– Mohammed Abualizz,Founder and CEO of Shrimp Nation: “This partnership marks an exciting new chapter for Shrimp Nation. Olive Rock’s investment in our brand is a strategic alliance that will enable us to scale with purpose.”
– Muhannad Qubbaj, Founding Partner at Olive Rock Partners: “Saudi founders are building businesses of real substance — and Shrimp Nation is exactly that. Rooted in Saudi culture and led by a driven team, it has grown from a bold dining concept into a cultural force.”
– Abdullah Shahin, Founding Partner at Olive Rock Partners: “Shrimp Nation is uniquely positioned to contribute to this transformation—not only by growing its footprint, but by creating quality jobs, nurturing local talent, and building robust businesses. We’re proud to support the team in institutionalizing the business and elevating it into a regional F&B leader.”
– Shrimp Nation aims to become the region’s leading seafood dining destination while remaining culturally rooted.
– Founded in late 2018, Shrimp Nation now operates 35 branches across Saudi Arabia, Jordan, Qatar, Bahrain, and Egypt.
– Olive Rock views Shrimp Nation as a business of substance, rooted in Saudi culture and led by a purpose-driven team.
– The investment aligns with Saudi Arabia’s Vision 2030, promoting economic diversification and SME growth.
– Olive Rock Partners will support Shrimp Nation in institutionalizing operations, creating jobs, and nurturing local talent.
– The shared vision is to transform Shrimp Nation into a globally recognized brand that resonates across borders.
