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Arabian Put up Employees
Different 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 among the few strategic gross sales involving a Nasdaq-listed firm within the GCC area in recent times.
Throughout Gulf Capital’s possession, Chef ME grew its revenues by greater than 150% and working earnings by 91%. To attain these robust outcomes, Chef ME expanded regionally and elevated its product vary by including 2,000 SKUs and a couple of,500 clients all of the whereas sustaining a stage of high quality, service and experience that’s distinctive and invaluable to its suppliers and buyer.
This exceptional development is a robust testomony to the operational enchancment capabilities at
Gulf Capital and its deep bench of working companions and business advisors, the corporate mentioned.
Additionally printed on Medium.
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