15 Jan 2015
(MENAFN) Kuwait’s American’s biggest shareholder said that talks are still underway between them and several parties for the sale of the company, Gulf Business reported.
The company, in which al-Kharafi family are its biggest shareholders, is the operator of franchises of restaurant chains including KFC and Pizza Hut around the region
The talks, which started last year, are being conducted with private equity funds KKR and CVC, which have been the frontrunners in a bidding process that also attracted interest from other companies including Saudi food producer Savola Group.
“Talks are still ongoing with several parties and we are still in the process of looking into our strategic options to evaluate our investments in Kuwait Food Co,” Al Khair National for Stocks and Real Estate Co, an entity owned by the Kharafi family, said.
The Kharafi family own 66.8 percent of the Kuwait Food Co through private investment company MAK (Mohammed Abdulmohsin al-Kharafi & Sons), while selling the products of sunder the brand name Americana, with the company reportedly having a market value of USD3.72 billion.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more