{"id":105907,"date":"2026-02-17T00:00:00","date_gmt":"2026-02-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/17\/olayan-invests-in-breadfast-aramco-gets-lng-from-catarus-cashin-raises-series-a-funding\/"},"modified":"2026-02-17T00:00:00","modified_gmt":"2026-02-17T00:00:00","slug":"olayan-invests-in-breadfast-aramco-gets-lng-from-catarus-cashin-raises-series-a-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/17\/olayan-invests-in-breadfast-aramco-gets-lng-from-catarus-cashin-raises-series-a-funding\/","title":{"rendered":"Olayan invests in Breadfast, Aramco gets LNG from Catarus, Cashin raises Series A funding"},"content":{"rendered":"

\n

Olayan steps into Egypt\u2019s e-commerce market with Breadfast investment<\/p>\n

Riyadh\u2019s Olayan Financing took part in the Egyptian online grocery platform Breadfast's <\/strong>USD 50 mn pre-Series C funding round<\/strong>, Breadfast co-founder and CEO Mostafa Amin told Bloomberg<\/a>. Other participants include Mubadala, SBI Investment, Y Combinator, the World Bank\u2019s IFC, Novastar Ventures, 4DX Ventures, and the European Bank for Reconstruction and Development.<\/p>\n

Where will the money go?<\/strong> The funds will be deployed in developing the firm\u2019s infrastructure and business units. The company is also mulling utilizing the fresh capital in a potential expansion in other North and West African countries.<\/p>\n

REMEMBER- <\/strong>Breadfast secured USD 10 mn<\/a> in a Series B2 round in August 2025, which saw participation from the European Bank for Reconstruction and Development and Novastar Ventures. That round pushed the company\u2019s valuation to around USD 400 mn.<\/p>\n

What\u2019s next?<\/strong> The company aims to have a more sizable funding round in 1H 2026, with ongoing discussions currently taking place with growth investors for a Series C. It also targets close to 3% of Egypt\u2019s USD 100 bn grocery market in the next three years, with plans to have a global IPO in the future.<\/p>\n

\n

Aramco secures offtake from US LNG project<\/p>\n

Aramco locked in a 20-year LNG supply <\/strong>contract<\/a><\/strong> with US-based gas producer Caturus<\/strong> for 1 mtpa of LNG from the proposed Commonwealth LNG export project in Louisiana. The project \u2014 slated to launch operations in 2030 \u2014 is expected to generate nearly USD 3.5 bn in annual export revenues.<\/p>\n

Why it matters:<\/strong> The agreement highlights Aramco\u2019s aggressive expansion into the US LNG market \u2014 where capacity is projected to nearly double<\/a> over the next four years. The move follows previous agreements with other US entities, such as NextDecade\u2019s Rio Grande LNG project<\/a>. It also underscores a surge in commercial activity in the US LNG sector following the lifting of a pause on new export permits last year.<\/p>\n

BACKGROUND-<\/strong> A long list of companies \u2013\u2013 including Switzerland\u2019s Glencore and Mercuria, Japan\u2019s Jera, Malaysia\u2019s Petronas, and local firm EQT \u2013\u2013 have already signed offtake agreements for the project. The US has been striving to cement its position as the world\u2019s largest exporter of LNG, surpassing previous leaders Qatar and Australia.<\/p>\n

\n

Cashin raises Series A funding<\/p>\n

Local<\/strong> fintech firm Cashin closed a SAR 60 mn Series A funding round led by Impact46<\/strong>, it said in a LinkedIn post<\/a>. Founded by Omar Al-Rammah (LinkedIn<\/a>) and Abdulkarim Zrik (LinkedIn<\/a>), the firm provides digital financial and operational management systems for fuel and energy stations.<\/p>\n

\n

Cybersecurity startup locks in USD 2.4 mn in seed round<\/p>\n

Homegrown <\/strong>cybersecurity startup Solidrange raised USD 2.4 mn (c. SAR 9 <\/strong>mn) in a seed round<\/strong> led by Riyadh-based Sharaka Capital, according to a press release<\/a>. The round saw participation from Sadu Capital, SEEDRA Ventures, and Tali Ventures. The capital will drive regional growth, fuel R&D, and further embed AI throughout the company\u2019s product suite.<\/p>\n

\n

2P renews + increases facility from SNB<\/p>\n

Perfect P<\/a><\/strong>resentation for Commercial Services<\/a><\/strong> (2P) renewed and increased <\/strong>a shariah-compliant facility from Saudi National Bank (SNB)<\/strong>, it said in a disclosure<\/a> to Tadawul. The SAR 200 mn facility will go toward issuing letters of guarantees, letters of credit, and invoice financing for newly awarded projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

Aramco\u2019s agreement highlights aggressive expansion into the US LNG market<\/p>\n","protected":false},"author":1,"featured_media":105908,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,139,4900,10,4899],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aramco","tag-cashin","tag-enterpriseam-ksa","tag-olayan","wpautop","entry"],"acf":{"mongo_id":"829508d0-0760-4975-ba75-5913a17b615e","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/1071.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Olayan invests in Breadfast, Aramco gets LNG from Catarus, Cashin raises Series A funding","related_issue":[105892],"teaser":"Aramco\u2019s agreement highlights aggressive expansion into the US LNG market"},"yoast_head":"\nOlayan invests in Breadfast, Aramco gets LNG from Catarus, Cashin raises Series A funding - 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