Business | Economy
Al Islami buys into Al Farooj Fresh
Al Islami Foods on Monday said, it is acquiring a major share in Al Farooj Fresh, a UAE based restaurant chain.
- Staff Report
- Published: 00:34 February 19, 2008
Dubai: Al Islami Foods on Monday said, it is acquiring a major share in Al Farooj Fresh, a UAE based restaurant chain.
"The move propels Al Islami into a strong position in the fast growing and profitable hospitality segment of the UAE, starting with freshly baked and wholesome fresh shawerma wraps, a new global healthy trend in the fast food industry," a company statement said on Monday.
"A leader in the retail sector and a major supplier to the hospitality industry in the UAE market, Al Islami Foods is keen to cater for the region's hospitality business starting with Al Farooj Fresh acquisition."
The company initially has started with nine branches of Al Farooj Fresh, plans to expand into the GCC and Middle East markets.
As per the terms of the agreement, Al Islami Hospitality commands the major stake in Al Farooj Fresh and have full management control.
Saleh Abdullah Lootah, CEO of Al Islami Foods, said: "This acquisition allows us to become a very strong player in the strategic core category of local hospitality market. I welcome Al Farooj Fresh which will capitalise on our capabilities in fresh and superior quality halal-food segment, while making a synergy of such capabilities for the benefit of consumers. This is a very important step for the Al Islami Group to remain on strategic position in the UAE halal food market."
Al Farooj Fresh is the first fast-casual restaurant chain in UAE offering fresh shawerma sandwiches and chicken meals.
Made with 100 per cent fresh and real halal chicken with high quality ingredients right from the farm, consumers can trust with Al Farooj Fresh of the freshest and delicious shawarma wraps.
In addition, Al Farooj Fresh offers a franchising opportunity with a business model and attractive return on investment.
Through the acquisition of Al Farooj Fresh, Al Islami has enhanced its business portfolio that comprises: Al Islami Cart, Al Islami Meat Shops, hence, accelerating the growth of company in the regional market.
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