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Alamar adds IPO as a pizza toppingMENA

Alamar adds IPO as a pizza topping

Alamar Foods, Saudi Arabia’s leading franchise operator for Domino’s pizza, is ready to float on the Tadawul by the end of this year. Alamar Food’s IPO will allow the private equity firm Carlyle Group, which holds a 42% stake in it, to stage a partial exit by selling up to 30% of its shares in the company. The AlJammaz family will hold onto majority ownership of Alamar Foods once the company goes public. 

Alamar is the leading operator for Domino’s pizza in the Middle East, North Africa, and Pakistan, with a total of 455 stores and over 1,000 employees scattered across the region. On top of this all, the future looks bright! As of last month, Expo 2020 announced that Domino’s would become the official pizza provider for the entire duration of the world exhibition — so Alamar is benefiting from all the visitors who are working up an appetite pavilion-hopping (and let’s face it, that’s most people). Also, Saudi Arabia expects spending on food services, in general, to grow by 6% a year over the next five years — and after all, who doesn’t enjoy a good slice of pizza?    

why it matters

After welcoming key companies in the chemicals and oil sectors, the Tadawul will float one of the most important companies in MENA's food and beverage sector. The Kingdom's stock market has already surged 35% in 2021 and is expected to add at least another 45 companies after Alamar goes public.