Tim Hortons GCC, a Fund I portfolio company, has announced that its regional headquarters will be re-based in Riyadh, the capital of the Kingdom of Saudi Arabia.

“We are very excited about the transformation and the innovation that we have seen here and know that there’s a lot more still to come,” said Huda Al-Lawati, Gateway Partner and non-executive director of Tim Hortons GCC.

“By basing ourselves in Riyadh, we strengthen our ties to this vibrant, young city. Saudi Arabia is well suited to our growth ambitions, and we are honored to play our part in developing the local economy,” she added.

Tim Hortons joins a number of other multinational corporates who announced during the Future Investment Initiative conference in Riyadh in January 2021 that they would also set up regional headquarters in the capital city.

Read more about this story in the Financial Times and the Saudi Gazette.