Tamimi Markets Company (“Tamimi”) announced on Thursday the completion of its acquisition of 100% of Al Raya For Food Stuffs Company JSC (“Al Raya” or the “Company”), a portfolio company of Levant Capital and a leading supermarket chain operating along the western half of the Kingdom of Saudi Arabia. The transaction aligns with Tamimi Markets’ national growth strategy and further strengthens its position in the Western region of Saudi Arabia. By acquiring Al Raya, Tamimi aims to leverage the combined strengths of both companies while serving new customers in multiple markets. Bobby Rajendran, CEO of Tamimi Markets, expressed his enthusiasm for the partnership, stating, “The Al Raya brand is renowned for its neighborhood convenience and fresh positioning, particularly with its outstanding bakery. We are eager to bring value and efficiency to the Al Raya brand while fostering its continuous growth.” With an extensive presence across the western region of Saudi Arabia, Al Raya"s 51 supermarkets seamlessly complement Tamimi Markets" geographic network. The acquisition solidifies Tamimi’s commitment to delivering exceptional services and products to its expanding customer base. Established in 1991 with its maiden store in Jeddah, Al Raya has grown into a leading regional supermarket chain, boasting 51 supermarkets spread across more than 20 cities in the Northwest, West, and Southwest of Saudi Arabia. In 2012, Levant Capital acquired a 75% stake in Al Raya and led the institutionalization of the Company and the development of its independent management team. Over Levant Capital’s investment period, the Company more than doubled its store footprint from 23 to 51 stores and increased its sales area 2.5 times.