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Mohamed Al-Abbar

Mohamed Al-Abbar latest

Established in 1964, Americana, or Kuwait Food Company, is the parent group that brought to the Middle East more than a dozen major food brands like Pizza Hut, KFC, Costa Coffee and TGI Friday’s. (File photo)
June 20th, 2016 - 04:20 GMT

Alabbar's Adeptio buys $2.3B majority stake in Kuwait's Americana

A Dubai-based consortium led by Mohamed Alabbar has bought a controlling stake in the Kuwaiti food franchise giant for $2.3 billion, three weeks after announcing the collapse of longstanding takeover negotiations.
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