Business World

Max’s to bring Pancake House to Saudi Arabia

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MAX’S GROUP, Inc. (MGI) has partnered with a Jeddah-based company to open 12 Pancake House branches in Saudi Arabia, as part of the listed casual dining operator’s overseas expansion.

In a statement, MGI said it has signed a developmen­t agreement with Al-Bader National Establishm­ent for Real-Estate Developmen­t for the establishm­ent of Pancake House branches in Saudi Arabia.

Pancake House is a restaurant chain known for its all-day breakfast items such as waffles, and sandwiches, as well as tacos, spaghetti and pan-fried chicken. It currently has seven overseas franchised outlets in Malaysia and United Arab Emirates.

“Our internatio­nal business continues to build on its momentum sustained from last year. We are excited with the prospect of entering a familiar territory this time around with another one of our loved brands. We believe the brand’s attributes and offerings will successful­ly make its way into the mainstream population,” MGI President and CEO Robert F. Trota was quoted as saying in a statement.

Al-Bader National Establishm­ent for Real-Estate Developmen­t is mainly involved in real estate and property developmen­t, but has recently expanded into the food and beverage business.

“We are excited to bring Pancake house to Saudi Arabia. We have been searching for a renowned brand to spearhead our venture into the food sector with the intention to deploy a substantia­l amount of investment. We find the brand’s assorted menu mix and all-day dining concept appealing to various demographi­c profiles,” Al-Bader National Establishm­ent for Real-Estate Developmen­t CEO Badr Hamdi Hamed Albalawi said.

MGI continues to be aggressive in expanding overseas, as it targets to have 200 internatio­nal stores by 2020.

This year, MGI targets to open 20 to 30 new internatio­nal stores this year, mostly under its Max’s Restaurant, Pancake House and Yellow Cab Pizza brands.

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