Marka acquires chain restaurant Reem Al Bawadi

The first public joint stock company Marka PJSC (DFM: MARKA) has purchased the Award-Winning Middle Eastern restaurant chain Reem Al Bawadi. Marka Hospitality targets the fast-growing food and beverages sector in the UAE, has taken full ownership of the home-grown brand serving Middle Eastern cuisine for AED 315 million.

The 14-year-old Reem Al Bawadi owns and operates four outlets in Dubai and after this acquisition deal, Marka expects to open two company-owned outlets this year, one each in Dubai and Abu Dhabi, and three franchise outlets in Al Ain, Saudi Arabia and Bahrain.

Marka PJSC is listed in the Middle East Investors Directory.