Riyadh – Sharikat Mubasher: Alamar Foods announced it has completed the acquisition of 100% of Cravia Arabia, the operator of the Five Guys franchise in Saudi Arabia, in a transaction valued at SAR 85 million.
The deal gives Alamar full ownership and operational control of the brand’s local business, which currently runs 13 restaurants across the Kingdom.
In a disclosure to Tadawul, Alamar said Cravia Arabia operates without bank debt and is expected to generate adjusted EBITDA of around SAR 17 million in 2025, calculated in line with IFRS 16. The transaction value is subject to certain downward adjustments as outlined in the agreement.
The acquisition represents a strategic expansion for Alamar Foods beyond its core quick service restaurant portfolio, strengthening its presence in the premium casual dining segment. It also consolidates Alamar’s position as one of the Kingdom’s leading franchise operators.
Founded in Riyadh in 2001, Alamar Foods is majority owned by Abdulaziz Ibrahim Al Jammaz and Brothers Company. The company is led by Ibrahim Abdulaziz Al Jammaz as Chief Executive Officer, with Asim Saud AlJammaz serving as Vice Chairman. Alamar Foods currently holds the regional franchise rights for Domino’s Pizza and Dunkin’ across the Middle East, North Africa, and Pakistan.
The acquisition brings clarity to weeks of market speculation surrounding the future ownership of the Five Guys Saudi franchise, which had previously been linked to Americana Restaurants.
