Bahrain-based Islamic investment firm has announced the completion of a deal to acquire 49 percent of Saudi fast food chain Hungry Bunny.
Tharawat Investment House said it has acquired the stake in the Hungry Bunny brand, which is owned by Mohamed bin Husain Al Dosary, and is registered in the US, Europe, and Middle East.
Al Dosary said the company would look to launch an initial public offering on the Saudi bourse in the next four years.
The chain owns 38 branches which operate throughout Saudi Arabia, Bahrain, Kuwait and Oman under worldwide franchise agreements.
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