| Element List | Explanation |
|---|---|
| Introduction | Americana Restaurants International PLC (“Americana Restaurants” or the “Company”), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (“MENA”) and Kazakhstan, announces that Malak Al Tawouk (“MAT”), a leading Arabic QSR brand, will be joining its portfolio through two strategic and complementary transactions. |
| Transaction Details | •AMR has entered into a long-term exclusive licensing agreement securing the rights to develop and operate MAT for 75 years. AMR will be the exclusive operator and developer of the MAT brand in these geographies. •The agreement covers 13 markets across the GCC, Levant, North Africa, and Central Asia regions. •In parallel, AMR has also signed Share Purchase Agreements to acquire 100% of the shares in the current franchisees for MAT in the UAE (7 stores) and KSA (3 stores) (“Existing MAT franchises”). •Existing MAT franchises have an annualized revenue of c. USD 21.1 million, pre-IFRS EBITDA of c. USD 2.3 million and Net income of c. USD 1.7 million. |
| Transaction Amount | USD 20.8 million for the acquisition of the Existing MAT franchises. |
| Transaction Conditions | Completion of the transaction is subject to obtaining the required approvals, securing necessary third-party consents, and fulfilling the conditions precedent set out in the relevant agreements, in addition to customary closing adjustments. |
| Parties of the Transaction | UAE Franchisee: Yummy Junction International Investment LLC. Buyer: Kuwait Food Co. Americana L.L.C. Sellers: o Shanmugam Chandran Suresh Babu Shanmugam Chandran o Muralikumar Shanmugam Chandran Shanmugam Chandran o Mahmoud Safi Harb KSA Franchisee: Rock Star International Restaurant for Meals Serving LLC Buyer: Al Ahlia Restaurants Company One Person Company L.L.C Seller: Top Rock Restaurants L.L.C |
| Transaction Financing Method | Funded through internal cash reserves. |
| Date of Entering Into The Transaction | 2026-02-06 Corresponding to 1447-08-18 |
| Description of Activity of The Asset Subject of The Transaction | MAT is a family‑owned Lebanese QSR brand founded in Beirut in 1996. Built around its signature Tawouk sandwich, the brand has grown to 45+ restaurants in Lebanon and 19 across the Middle East, establishing itself as a leading regional concept. Backed by a multi‑decade brand legacy, it has also expanded internationally with stores in France and Canada. The sellers operated Existing MAT franchises with 7 locations in the UAE and 3 in KSA. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | The following figures are in AED and refer to the stand-alone financial statements of Yummy Junction International Investment LLC. Revenue: 2024: 40,993,624 2023: 31,173,222 2022: 26,019,309 2025 was the first year where Rock Star International Restaurant for Meals Serving LLC started generating revenues and hence, no previous year's financial statements available. |
| Transaction reasons | The addition of MAT advances AMR’s growth strategy to expand its regional footprint. It further strengthens AMR’s position as a food platform operator with a diverse portfolio of brands spanning multiple cuisines and dining occasions. MAT marks AMR’s entry into the Arabic segment, one of the fastest‑growing categories in the region, through a brand with proven performance, scalable operations, and authentic offerings that strongly resonate with customers. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction of acquiring the Existing MAT franchisees is expected to be completed by the end of February 2026, subject to customary closing conditions and other approvals. Following completion, AMR will focus on integration and regional scale up, with MAT brand expected to become a cornerstone of the Company’s growth journey and a key driver of shareholder value. |
| Related Parties | No related parties. |
| Additional Information | This announcement includes forward-looking statements. These statements are based on current assumptions and expectations and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied. |
| Attached Documents | Attached Documents |