We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Carlyle Group buys 42 percent of Saudi’s Alamar food

Carlyle buys MENA franchise holder of Domino's Pizza and Wendy's restaurantFinancial details not disclosed


December 14, 2011 4:35 by

Private equity firm Carlyle Group has acquired a 42 percent stake in Saudi Arabia’s Alamar Foods, the master franchise operator for Domino’s Pizza and Wendy’s restaurants in the Middle East and North Africa.

Carlyle bought the stake from the Al Jammaz Group for an undisclosed amount, according to a statement issued by Carlyle.

Last month, sources told Reuters that Carlyle was acquiring a 42 percent stake in Al Jammaz’s food company.

Apart from the Domino’s Pizza and Wendy’s franchises, Alamar also has a food processor called Premier, which supplies fast food outlets. Al Jammaz has operations in agriculture, food services and also provides pilgrimage services in Mecca and Medina through its travel arm.

It is the second acquisition which the buyout group has made in the Gulf, following its 30 percent investment in Saudi Arabia’s General Lighting Company in March 2010.

It is eyeing a 2013 initial public offering in Riyadh for that investment, sources have said.


Tags: , ,

Leave a Comment