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Tuesday, 18 July 2017

Fawaz Abdulaziz Al Hokair sinks its teeth into Turkish simit maker - The National

Fawaz Abdulaziz Al Hokair sinks its teeth into Turkish simit maker - The National:

"Saudi Arabia’s Fawaz Abdulaziz Al Hokair Group has bought a 10 per cent stake in a Turkish chain specialising in the bagel-like bread product known as simit, building on three years of cooperation between the companies. The Riyadh-based retailer will help privately-held Simit Sarayi, whose current locations include City Walk in Dubai, open more than 250 shops in the Middle East and North Africa by 2021, bringing the total number of regional outlets to more than 300, the companies said in a joint statement yesterday .  Al Hokair has a master-franchise agreement with Simit Sarayi, which currently operates 408 shops in 21 countries, including Turkey. "



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