#Saudi fast-food franchise operator Alamar Foods considers IPO, sources say | Reuters

Saudi fast-food franchise operator Alamar Foods considers IPO, sources say | Reuters

Saudi Arabia's Alamar Foods, the regional franchise operator for Domino's Pizza (DPZ.N), is considering an initial public offering (IPO) that would allow The Carlyle Group (CG.O) sell some of its stake, three sources familiar with the matter said.

Alamar Foods has hired HSBC (HSBA.L) to arrange the share sale, the sources told Reuters. They said deliberations were at an early stage and no final decision had been made.

Alamar Foods did not immediately respond to a request for comment. HSBC declined to comment. Carlyle, which has $276 billion in assets under management and holds 42% of Alamar, did not respond to a request for comment.

Alamar is the master operator for the U.S. pizza chain, with 455 stores in the Middle East, North Africa and Pakistan. It also has the franchise rights for U.S. chain Dunkin' Donuts in North Africa.