COO of Foodics, Djamel Mohand, announces departure to initiate a fresh business endeavor
Foodics Announces Acquisition and COO Departure
In a significant move for the Middle East's food technology sector, Foodics, the leading SaaS and fintech platform in the F&B sector of the Middle East & North Africa, has announced the acquisition of the UK-based self-ordering platform Solo.
This news comes alongside the departure of Djamel Mohand, Foodics' former Chief Operating Officer, who has been a key figure in the company's success. Mohand joined Foodics after moving to Saudi Arabia in 2015 and managed over 2,000 team members during his tenure.
Prior to joining Foodics, Mohand worked with Rocket Internet on Jeeny (previously known as Easy Taxi), where he served as COO and left the company in 2019. After his departure from Foodics, Mohand later served as Managing Director for Saudi at Kitopi, helping the cloud kitchen operator launch in the market.
Mohand is also the founder of Governata, Saudi Arabia's first Arabic data governance and enterprise data management platform based in Riyadh. The platform aims to provide businesses with a comprehensive solution for managing their data and ensuring compliance with regulatory requirements.
In addition to the acquisition and Mohand's departure, Foodics has earmarked $100 million for M&A over the next three years. The company is formally licensed as a fintech by the Saudi Central Bank (SAMA) and offers a comprehensive cloud-based POS system for restaurant management.
Foodics' acquisition of Solo marks an expansion of the company's offerings and a continued commitment to innovation in the food technology sector. With its strong presence in the region and significant investment in growth, Foodics is poised for continued success in the years to come.
An entrepreneur like Djamel Mohand, with a background in finance and business, played a significant role in Foodics' success as the COO before his departure to immerse himself in another venture, Kitopi. Now, Foodics, as a leading fintech-focused entrepreneurship in the food technology sector, has expanded its business by acquiring Solo, a UK-based self-ordering technology platform.
