"Americana" catches the pizza hut in the sultanate of Oman

The US company, listed in the Saudi and Abu Dhabi markets, has announced that it has completed the acquisition of the “pizza hut” mark in the Sultanate of Oman of the Gingi Ramdas group, in an agreement that did not announced its value, according to a statement on Friday, Friday. The agreement contains 46 branches of pizza hut, with an annual income of approximately $ 11 million in 2024. The agreement comes at a time when the company suffered from the popular boycott, due to the war against Gaza, which influenced the profits. However, the ceasefire agreement in Gaza, which was reached this month, revived the hope of the end of the province, and this contributed to improving the performance of its shares. The company that has the privileges of brands that include Chicken Kentucky, Pizza Hut, Hardz in the Middle East, North Africa and Kazakhstan, whose profits dropped by 54.3% in the third quarter of 2024, according to the latest financial data. Nevertheless, Americana has announced that it has continued to expand region by adding 113 new restaurants during the first nine months of this year, bringing the total to 2504 restaurants until the end of September. In July 2022, American restaurants have a franchise agreement with ‘Yam!’ The owner of the brand is to develop and operate pizza hut restaurants in the Kingdom of Saudi Arabia, with the exception of the city of Jeddah. It erected a network of about 100 restaurants in the kingdom. With this acquisition in Oman, the number of company hut pizza restaurants in the regional markets has risen to about 450 restaurants