Just Falafel said to be planning Dubai IPO for 25 percent stake | Business , Middle East | THE DAILY STAR

Just Falafel said to be planning Dubai IPO for 25 percent stake | Business , Middle East | THE DAILY STAR:

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Just Falafel. (The Daily Star/Hasan Shaaban)

Just Falafel, the United Arab Emirates fast-food chain planning 720 new outlets in 19 nations, is weighing the sale of a 25 percent stake in an initial public offering, two people with knowledge of the matter said.

Just Falafel, with more than 40 restaurants across the Middle East and the U.K., appointed Dubai-based boutique firm HK Advisory Services Ltd. to manage the potential listing on the Nasdaq Dubai exchange, the sources said. They declined to be identified because the matter wasn’t public. The company is seeking to conduct the IPO by the end of December, they said.

Emails to Just Falafel weren’t immediately returned."

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