DGC Hospitality and Partners Invests $4 million in Bahrain’s F&B Sector
Manama, Bahrain: DGC Hospitality & Partners have committed $ 4million investment capital to expand some of Bahraini’s icons of the food and beverage sector.
DGC Hospitality is the dedicated food and beverage investment arm of the recently formed private equity company Dividend Gate Capital (DGC).
Bahraini companies are advancing from DGC Hospitality and Partners $4 million capital injection, some of these companies are T& C Vending Partnership, Tikka and Kebab Amin and Fareej Bin Aqool etc.
DGC Hospitality General Manager, Uday Mukundan says “Our vision is to grow and nurture Bahrain and GCC companies by marrying our intellectual and financial capital with their business and product strengths. The companies that we are initially partnering are iconic for Bahrain as well as the region. Tikka & Kebab Ameen is a Bahraini kebab legend that has been trading from its original outlet since 1948. It is our aim to work with the founders as partners to expand from 2 branches to 7 branches across Bahrain and the GCC by 2021 “
DGC Hospitality & Partners are looking to grow the partnered business through expanding the exposure of the companies. “New branches, enhanced efficiency of operating processes, improved marketing and promotion campaigns are part of the DGC formula for increased growth” adds Mr. Uday.
“T & C Vending Partnerships provides a one-stop tea and coffee vending machine. Currently operating in Bahrain, KSA, and Kuwait markets with more than 700 vending machines. Our aim is to increase the T and C Vending Partnerships sales to 1500 vending machines by 2019 “says DGC CEO, Khaled Al Hammadi.
“Our plans for Fareej Bin Aqool, is to expand the restaurant which has built a reputation for serving traditional dishes at affordable prices, from 8 to 12 branches by 2020 “comments Mr. Mukundan
Mr. Al Hammadi concludes “This is a very exciting challenge that our Hospitality division have undertaken. Our capital will be deployed in a number of companies in the sector over the coming months, the vision of DGC is now being implemented as we start to put our resources and capabilities into action by investing into Bahraini SME’s with a view to creating wealth and growth that positively impacts the economy of the Kingdom of Bahrain.”