Tuesday, February 26, 2013

Strategic Alliance between Tharawat Investment House & IIB

Tharawat Investment House (Tharawat), a Bahrain-based Islamic investment house specialized in providing and management of alternative investment business, and International Investment Bank (IIB) announced the completion of a 49% acquisition of the Hungry Bunny fast food restaurant chain, the well-known Saudi fast food brand.

The Hungry Bunny brand, which is owned by the Saudi businessman Mr. Mohamed bin Husain Al Dosary, is registered in the US, European Union, Middle East and the GCC states. The chain owns 38 branches which operate throughout Saudi Arabia, Kingdom of Bahrain, State of Kuwait and Sultanate of Oman under worldwide franchise agreements.

On this occasion, Mr. Arif Mohamed Al Alawi, Tharawat's Chief Executive Officer said: "The 49% acquisition of the Hungry Bunny has been completed with the participation of IIB, which is a Bahrain-based Sharia compliant bank, as a major shareholder in the acquisition transaction along with other GCC investors."

Read more: http://www.ameinfo.com/strategic-alliance-tharawat-investment-house-international-331200

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