Saudi Arabia-listed Ratio Speciality Company, a café chain owner, has partnered with Silk Solutions as part of a move to invest SAR 100 million ($26.6 million) in the kingdom’s coffee sector.

Owner of the ‘fina’ brand, Silk Solutions has set aside the multimillion-Saudi riyal budget to develop and advance the Saudi coffee sector. The investment aims to strengthen the supply chain, expand market and commercial opportunities, as well as boost the customer base in the industry.

With its know-how in the coffee industry, particularly in the sourcing, roasting and retail, Ratio will work together with Silk Solutions for at least the next 12 months on how to best deliver the investment.

The partnership is also expected to support Ratio’s expansion plans, improve its own supply chain and benefit from new technology to expand its presence in the Saudi coffee market.

Ratio has a network of more than 88 cafés across the kingdom.

(Writing by Cleofe Maceda ; editing by Brinda Darasha)