Global law firm Clyde & Co has advised Shrimp Nation, a leading homegrown Saudi dining brand, and one of the fastest-growing seafood restaurant concepts in the Middle East, on its strategic partnership with private equity firm Olive Rock Partners (“Olive Rock”), marking a major milestone in its growth strategy. Olive Rock has acquired a 30% stake in the business, setting the stage for significant regional and global expansion.
This partnership marks a major step in Shrimp Nation’s evolution—from a standout local dining concept to a regional lifestyle brand. The investment will support the company’s expansion across the Kingdom of Saudi Arabia and into international markets, aligned with the region’s rising consumer demand and rapidly evolving food and beverage landscape.
Clyde & Co provided comprehensive legal counsel to Shrimp Nation throughout the transaction. The Clyde & Co team was led by partner Mohammed Almarzouki (Jeddah) and legal director Elie Mikhael (Riyadh), who were supported by associate Alanoud AlDakhil (Riyadh).
This partnership marks an exciting new chapter for Shrimp Nation,” said Mohammed Abualizz, Founder and CEO of Shrimp Nation. “Olive Rock’s investment in our brand is a strategic alliance that will enable us to scale with purpose. Saudi Arabia is a high-growth market with immense potential that aligns with our mission to become the region’s leading seafood dining destination. With Olive Rock’s expertise and support, we are confident to accelerate our expansion across the region and beyond, while redefining what modern seafood dining looks like in new markets. Our shared vision is to build a globally recognised, culturally rooted brand that resonates across borders.”
This strategic partnership reflects growing investor confidence in Saudi Arabia’s F&B sector and highlights a shared commitment to encouraging innovation, quality and long-term value in the regional dining scene.
With over 35 years of experience in the Middle East and Africa (MEA), Clyde & Co is one of the largest international law firms with over 80 partners and over 540 staff operating through 12 offices and associated offices in Abu Dhabi, Accra, Cairo, Cape Town, Dar es Salaam, Doha, Dubai, Jeddah, Johannesburg, Kumasi, Nairobi, and Riyadh. Clyde & Co supports international and local organisations throughout the wider region with a full-service offering of local specialists across most business sectors and services of law, including commercial, commercial disputes, corporate, cyber risk, data protection & privacy, employment & immigration, finance, global recoveries, insolvency & reorganisation, intellectual property, international arbitration, projects & construction, real estate, regulatory & investigations, and technology, outsourcing & data.