(MENAFN) The investment banking arm of Barwa Bank Group, The First Investor, has acquired a 49 percent stake in Shater Abbas Restaurants International Group, a leading restaurant chain in Qatar.
Established in Qatar in 1998, the Shater Abbas Restaurants concept features a variety of Persian and Gulf contemporary cuisine. The company has nine branches and a staff of more than 270 employees.
"Our investment in Shater Abbas is in line with our strategy of investing in middle market companies operating in the food and beverage sector with strong fundamentals," CEO of The First Investor said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.