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Arabian Put up Employees
Various asset supervisor Gulf Capital introduced it has efficiently accomplished the sale of 100% of Chef Center East, the GCC’s premier foodservice distribution enterprise, to The Cooks’ Warehouse, a Nasdaq-listed speciality meals distributor working throughout North America.
The US$ 100 million profitable sale is without doubt one of the few strategic gross sales involving a Nasdaq-listed firm within the GCC area lately.
Throughout Gulf Capital’s possession, Chef ME grew its revenues by greater than 150% and working revenue by 91%. To attain these sturdy outcomes, Chef ME expanded regionally and elevated its product vary by including 2,000 SKUs and a pair of,500 prospects all of the whereas sustaining a degree of high quality, service and experience that’s distinctive and invaluable to its suppliers and buyer.
This exceptional progress is a powerful testomony to the operational enchancment capabilities at
Gulf Capital and its deep bench of working companions and trade advisors, the corporate mentioned.
Additionally printed on Medium.
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