Dine Brands Set To Open Applebee's, IHOP Restaurants In UAE

Dine Brands Global Inc DIN plans to open multiple Applebee's Neighborhood Grill + Bar and IHOP restaurants in the United Arab Emirates (UAE).
The first location is scheduled to open in Dubai in the later half of 2022 through an agreement with established IHOP Franchisee Mohamed Makawi.
"We have seen success in this market through our ghost kitchen operations and are excited to be re-establishing brick-and-mortar locations for our two world-renowned brands," said Tony Moralejo, President, International, Dine Brands.
The company noted UAE's increasing tourism business and consumer demand for casual and family dining restaurants reaffirm it as an important growth market.
Price Action: DIN shares traded lower by 1.80% at $64.86 on the last check Thursday.