Shrimp Nation gets significant backing from Olive Rock Partners
Deal News | Jul 09, 2025 | Zawya
In a strategic move to bolster its growth, Shrimp Nation, a Saudi Arabian food and beverage brand renowned for its seafood offerings, has formed a partnership with the private equity firm Olive Rock Partners. The firm has acquired a 30% stake in the business, providing the necessary capital and expertise to expand Shrimp Nation's operations both regionally across Saudi Arabia and internationally. This partnership is seen as a significant step in transforming the brand from a local dining concept into a well-recognized regional lifestyle brand. The investment aligns with Saudi Arabia's Vision 2030 initiative, which aims to create economic diversification and develop local businesses. Olive Rock Partners, known for backing high-potential businesses in the GCC region, reinforces its belief in Shrimp Nation's potential by supporting its expansion plans. As of 2025, Shrimp Nation operates 35 branches across the Middle East, including Saudi Arabia, Jordan, Qatar, Bahrain, and Egypt. Shrimp Nation's strategic growth, coupled with Olive Rock's support, is expected to redefine seafood dining experiences and strengthen its cultural and entrepreneurial footprint in the region.
Sectors
- Food & Beverage
- Private Equity
Geography
- Saudi Arabia – Shrimp Nation is a homegrown Saudi brand, and the article discusses its expansion within Saudi Arabia as part of its growth strategy.
- Middle East – The article discusses Shrimp Nation's operations and presence in various Middle Eastern countries beyond Saudi Arabia, such as Jordan, Qatar, Bahrain, and Egypt.
Industry
- Food & Beverage – The article focuses primarily on Shrimp Nation, a growing seafood dining brand in Saudi Arabia, aligned with the food and beverage industry.
- Private Equity – Olive Rock Partners, a private equity firm, is involved in the strategic investment and partnership with Shrimp Nation.
Financials
- 30% – The percentage of Shrimp Nation's stakes acquired by Olive Rock Partners.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shrimp Nation | Target Company | Company | A leading homegrown Saudi seafood dining brand set for regional and international expansion. |
| Olive Rock Partners | Private Equity Firm/Investor | Company | A GCC-based private equity firm investing in high-growth, founder-led businesses. |
| Mohammed Abualizz | Founder and CEO of Shrimp Nation | Person | Founder and leader of Shrimp Nation, driving the brand’s growth strategy. |
| Muhannad Qubbaj | Founding Partner at Olive Rock Partners | Person | A founding partner of Olive Rock Partners involved in supporting Shrimp Nation’s growth. |
| Abdullah Shahin | Founding Partner at Olive Rock Partners | Person | A founding partner of Olive Rock Partners backing Shrimp Nation. |
| Hanae Ouakrime | PR Consultant | Person | PR consultant handling communications for this partnership. |