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Unit of Kuwait's NBK invests in Saudi restaurants chain
April 17, 2016, 8:50 am

NBK Capital Partners, the private equity group of NBK Capital, has completed an investment into Amo Hamza, the seafood casual dining chain in Saudi Arabia.

The investment in Amo Hamza marks the seventh investment by NBK Capital Partners in the regional food and beverage sector, it said in a statement without disclosing the value of the deal.

Established in 1990 by brothers Ali and Mohammed Al-Zahrani, Amo Hamza is the largest seafood casual dining chain in Saudi Arabia with a total footprint of 13 restaurants spanning five cities, including eight restaurants in Riyadh and two restaurants in Jeddah.

Mohammed Al-Zahrani, founding shareholder of Amo Hamza, said: "Our partnership with NBK Capital Partners marks a key milestone in the success story of Amo Hamza. We are confident that with the support of a prominent regional private equity group like NBK Capital Partners, we are well positioned to capitalize on our existing strengths and to accelerate Amo Hamza's expansion."

Yaser Moustafa, senior managing director at NBK Capital Partners, added: "Our investment in Amo Hamza is consistent with our strategy of investing in regional companies enjoying strong fundamentals and demonstrating visible growth potential. Our partners have established a reputable consumer brand which we will collaborate together to develop going forward."

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