EatGood Expands with Lightfry in Saudi Arabia

EatGood Sweden AB, a pioneer in healthy cooking technology, has announced a significant step in its international expansion strategy. The company has successfully sold and delivered its innovative Lightfry equipment to a major Saudi conglomerate involved in the café and restaurant industry. This move marks a strategic entry into the burgeoning Saudi Arabian market, known for its rapid growth and increasing demand for healthier food options.

Saudi Arabia, with its dynamic café culture and fast-food concepts, presents a fertile ground for EatGood's Lightfry technology. The equipment, which operates without the need for traditional ventilation systems, offers a versatile cooking solution that can fry, grill, steam, and roast using hot air instead of oil. This not only ensures healthier meals but also enhances safety by eliminating the risks associated with hot oil, such as burns and fires.

Josef Ibrahim, CEO of EatGood Sweden AB, expressed enthusiasm about the collaboration, stating, "Lightfry Cooking Solution fits perfectly into various food concepts, including those in Saudi Arabia. Our technology provides healthier food while being significantly safer for the staff, benefits that I believe will be appreciated by both restaurant personnel and their patrons."

The partnership with the Saudi conglomerate is expected to drive growth for EatGood in the region, as the demand for healthier dining options continues to rise. The Lightfry technology not only aligns with this trend but also offers operational advantages such as reduced energy consumption and maintenance costs, making it an attractive option for restaurant operators.

Given the promising market conditions and the strategic nature of this partnership, investors might consider this an opportune moment to buy EatGood's stock. The company's innovative approach and its entry into a high-growth market like Saudi Arabia position it well for future success.