Najm Capital

Najm Fund I + Co-InvestGCC growth equity, infrastructure, and strategic buyouts · Q1 2026 reporting

K. Al Rashidi · Director

Foodics

On thesis

Restaurant Tech & Payments·Financial Services Disruption·Growth Equity·Invested 2024·6% stake

Position

Mark1.84x

Gross IRR38%

Invested$55M

LatestNo recent touchpoints recorded.

Next board:2026-05-15

Ownership + team

6% stake · 1 board seat1.0x participating preferred

KSA restaurant POS + payments platform · 1.84x mark · 35K+ merchant locations across MENA · embedded finance margin expanding · path to IPO 2027

Ask about Foodics · pulls from SharePoint memos + Snowflake fund DB + firm memory

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Financial profileLatest as of 2026-03-31

Revenue$148MLTM Q1 2026 · +51% YoY

GMV processed$11.2BAnnualized · 35K+ locations

MOIC1.84x$0.92B entry → $1.70B mark

EBITDA margin18%Up from 9% at entry

Three-way benchmark

Revenuemeasured in $M

Actual

Thesis target

VCP plan

Peer median

Performance update

Q1 2026 mark $1.7B · 1.84x on $55M invested · embedded finance pilot exceeding plan

KSA market share 38% · expansion into UAE + Egypt accelerating · 35K merchant locations live

Series F at $2.4B valuation in talks · Sanabil + Najm + Sequoia leading · close Q3 2026