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Tanmiah Food Company announces that its subsidiaries have signed an exclusive development agreement to build and operate restaurants in Kuwait and Bahrain under the iconic brand Popeyes®
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| Announcement Detail | Tanmiah Food Company ("Tanmiah" or the "Company", 2281 on the Saudi Exchange) announces the signing of exclusive development agreements between Tanmiah Restaurants for Fast Food Company (fully owned subsidiary) and PLK Europe GmbH to build and operate Popeyes restaurants in Kuwait and Bahrain. These agreements will enable Tanmiah Restaurants for Fast Food Company to pursue its expansion plans for Popeyes across the region. The success of Popeyes has continued to gather pace, with a total of 36 stores in the Kingdom at the end of September 2023. Founded in New Orleans in 1972, POPEYES has more than 50 years of history and culinary tradition. Popeyes® distinguishes itself with a unique Louisiana style Cajun menu featuring spicy chicken, chicken sandwiches, chicken tenders, and other regional items. The chain's passion for its Louisiana heritage and flavorful authentic Cajun food has allowed Popeyes® to become one of the world's largest chicken quick service restaurants with over 4,200 restaurants in the U.S. and around the world. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 58.4
Net Change 3.5 (+6.38%)
Value Traded (Sar) 26,183,516.4
Volume Traded 451,157
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