Dine Brands Inks IHOP Restaurant Franchisee Deal In Western Saudi Arabia

  • Dine Brands Global Inc DIN is planning to launch new IHOP restaurants in the western Kingdom of Saudi Arabia (KSA).
  • The company plans five restaurant openings in Western Saudi Arabia over the next five years. It has entered into an agreement with IHOP Franchisee Ahmed Marashde.
  • The places for new locations include Jeddah, Mecca, Medina, and cities along the Red Sea coast, with the first location scheduled to open in Jeddah in early 2023.
  • The new IHOP locations will offer casual dining spaces for guests, and the menu includes IHOP's Pancakes, Breakfast Combos, Omelettes, Burgers, Hand-Crafted Melts, Burritos, and Bowls.
  • Price Action: DIN shares are trading higher by 4.01% at $69.71 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!