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AHMAD ALZAINI - KINGDOM OF SAUDI ARABIA

Young Entrepreneur – 2022

A serial entrepreneur by nature, Ahmad Al Zaini is the co-founder and CEO of FOODICS.

Before conceptualizing FOODICS in 2014, the Saudi F&B hero noticed a lack of F&B technology in the market, especially when it came to ordering food and many other operational challenges. Hence, he worked on the introduction of new technologies that change how people interact and connect with their favorite food brands.

He successfully raised $170 million in the largest SaaS Series C funding round in MENA led by Prosus, one of the largest global technology investors in the world, and Sanabil Investments, a PIF-owned investment company focused on private growth investments in various stages of the business cycle. With more than 500 employees, FOODICS has grown from its Khobar beginnings to now have 8 offices across the Kingdom of Saudi Arabia, United Arab Emirates, Egypt, Jordan, Kuwait and The Netherlands.

Formally licensed as a Fintech company by the Saudi Central Bank, it caters to every segment of the F&B sector from traditional dine-in restaurants, cafés, quick service restaurants, bakeries, and food trucks. Under Ahmad’s leadership, FOODICS has successfully processed over 6 billion orders through the platform, making it one of the most promising SaaS companies to emerge from the MENA region. As an entrepreneur, Ahmad has been recognized widely, as a recipient of the prestigious Forbes Award for Entrepreneurs Shaping Saudi Arabia’s Future and as a high-impact entrepreneur by Endeavor Global.

He is a board advisor and business consultant for several companies and an angel investor himself in several tech startups.