Just Falafel eyes IPO

Known for healthy foods, like falafel balls on pita bread, Just Falafel, has announced previously its intent to expand locally and internationally. The popular restaurant food chain is also planning to sell a 25% stake of the business as it goes public this year, according to a report in Halal Focus. Assisting the company in the potential listing on the Nasdaq Dubai exchange is HK Advisory Services.

Established in 2007 in Abu Dhabi, UAE, Just Falafel currently has 41 restaurants and more than 720 franchise commitments signed in 19 countries.

In an exclusive interview with Food Manufacturing Journal last year, CEO and brand originator Fadi Malas, stated, “The year 2012 has been a great one for us, in terms of growth. 2011, we were operating in one market; 2012, we are operating in five markets, and in 2013 we will be functioning in no less than 12 to 14 markets. Also, in each market that we operate in, we plan on doubling our presence.”

 He further said, “We aim to become as global as we can, penetrating new markets, serving new customers and doubling in locations in existing locations. We hope to change the concept of fast-food in the years to come as convenient food can be healthy and nutritious, too.”

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