Our Story

For over 60 years, Americana Restaurants has built a strong and enduring presence across the Middle East, North Africa, and Kazakhstan, operating some of the world’s most iconic brands, including KFC, Pizza Hut, Hardee’s, and Krispy Kreme.

At its core, our journey reinforces a simple truth: our purpose of building communities around the joy of food remains as relevant today as it has been since our founding. Our regional leadership is built on deep roots across the markets we serve, shaped by local cultures, communities, and consumer preferences. Our ability to adapt global brands to local tastes continues to be a defining strength, enabling us to deliver global standards with genuine local relevance.

Over the decades, this approach has established Americana Restaurants as a trusted and preferred partner for global brands, supported by a diversified portfolio spanning quick service, casual dining, coffee, and indulgence, and underpinned by disciplined execution and operational excellence.

Today, we continue to build on this foundation through focused and strategic expansion. In 2026, we marked a significant milestone with our entry into the Arabic QSR category through Malak Al Tawouk. This step reflects a natural evolution of our platform, combining global scale with authentic regional relevance, while expanding into value-led segments rooted in the culinary heritage of our markets.

Supported by a resilient operating model, a diversified geographic footprint, and a well-established supply network, Americana Restaurants remains well positioned to navigate an evolving environment while sustaining growth and operational continuity.

Looking ahead, our vision remains clear: to be the fastest-growing and most trusted food operator in the world. Through disciplined expansion, continuous innovation, and a strong connection to the communities we serve, we are building a platform positioned to deliver sustainable growth and long-term value.

Revenue (FY25)

$ 2.51 bn

Revenue (FY25)

Net Profit

$ 219 m

Net Profit

attributable to shareholders of the Company (FY25).

Restaurants

2741*

Restaurants

Serving consistent quality and experience.
*As of 31 March 2026

Countries

12

Countries

Present in major countries in MENA region and Kazakhstan.

Iconic Brands

12*

Iconic Brands

Diversified and relevant portfolio.
*Doesn’t include Grand Café and Fish Market

Our Growth Strategy

Our ambitious strategy for growth is enabled by four levers.

Despite rapid growth, out-of-home dining in our markets is significantly underpenetrated from both a supply and demand perspective and presents compelling potential for further expansion. We aim to leverage the current low levels of penetration to expand our scale and footprint across existing markets, brands and new QSR categories.

We are committed to driving revenue growth for our restaurants by capitalizing on marketing, smart pricing and product and service innovation. We expect to maintain our digital investment programme to gain additional customer wallet share across our existing footprint.

Expanding profitability margins is a KPI across the business. Our focus on cost discipline is reflected in our zero-based budgeting approach and use of real-time integrated software systems to maintain and strengthen restaurant-level profitability.

As the trusted and preferred franchise partner for global restaurant brand owners, we are constantly engaged in discussions on new franchise opportunities. With best-in-class infrastructure, a pan-regional footprint, a strong balance sheet and the know-how to operate across occasions and formats, we continue to consider potential strategic additions to our portfolio.

Investment Highlights

  • We are the leading restaurant operator in 12 countries in MENA and Kazakhstan by number of restaurants, with a larger restaurant footprint than the combined operations of the next four largest players in our markets, according to Euromonitor International research
  • We have a portfolio of 12 brands across consumer verticals and occasions, including QSR, Fast Casual, Casual Dining, Indulgence and Coffee
  • We are driven by a culture of operating excellence, and are deeply focused on product quality, speed of service and overall customer experience
  • Our 50+ year track-record allows us to build strong franchisor relationships, maintaining a 100% brand retention record (other than for brands which we exited voluntarily and intentionally)
  • A single operational platform to manage multiple brands and markets helps create significant efficiencies, economies of scale and provides considerable negotiating strength. These synergies of scale offer a range of benefits, including:
    • Strategic supplier partnerships: scale and significance enable a diverse supply structure
    • Multi-brand warehousing: well-invested supply chain infrastructure capable of supporting future growth across the platform
    • Optimized and lean shared services: strong end-to-end value chain capabilities to support the business across all countries and brands
    • Last mile capabilities and driver pooling: digitized last mile capability enables optimized utilization to meet speed-of-service targets and deliver a differentiated customer experience
  • As part of our customer-centric operating culture and focus on product innovation, we regularly introduce specific local products, diverse menus and bundle innovations that appeal to local tastes as well as the preferences of our global brands
  • We are equally focused on bringing new experiences to consumers
    • For example, we were the first franchisee to introduce stone oven artisanal pizzas to the international Pizza Hut brand
  • We are the leading OOHD and QSR operator across 12 countries, expected to grow at an estimated CAGR of 14% in USD terms from 2022 to 2026 1
  • We are the clear number one OOHD operator in each of our core markets of UAE, Saudi Arabia, Kuwait and Egypt 2
  • Our markets benefit from powerful macro and socio-economic tailwinds such as young and fast-growing populations, urbanisation trends, and government reforms and economic agendas that are supporting strong GDP and consumer disposable income growth, resulting in further development of the sector and demand for out-of-home dining

1,2 Euromonitor International Report

  • Following a programme of portfolio rationalization, investment into digital and acceleration in restaurant rollout, we have maintained strong revenue momentum whilst continually growing our platform through new store openings
  • We enjoy excellent unit economics with best-in-class average paybacks on newly-opened restaurants, which alongside our lean, zero-based-budgeting driven approach to costs, has driven strong, resilient and expanding EBITDA margins
  • Through highly disciplined capital deployment and a negative working capital position, we have achieved leading cash conversion rates compared to local and global peer groups, and our robust cumulative Adjusted Free Cash Flows have been maintained over time despite the impact of Covid-19
  • Driven by our commitment to providing each customer with a unique, seamless and satisfying experience, we have made significant investments in our front and back-end business intelligence and tech systems, creating one of the MENA region’s most advanced digitally driven OOHD platforms
  • The Company currently operates 20 proprietary, brand-specific customer facing applications, which we call SuperApps
    • Our SuperApps, partnering aggregators and call centres, are the core enablers of our home delivery offering
  • Our digital ecosystem allows us to gather direct insights on customers’ preferences, drive loyalty and maximise share of wallet with personalised offers, while promoting high-quality customer experience
  • We have maintained a significant presence in the home delivery segment, self fulfilling a large majority of orders placed through aggregator platforms, SuperApps, and call centres.
  • We have invested in advanced front-of-house technology, launching self-ordering kiosks, digital menus, car-hops and other innovations to create a seamless and efficient ordering experience for customers
  • Our strategy leverages the scale of our business to build a robust operation that ensures maximum stock availability while keeping working capital requirements optimised at minimum levels
  • We emphasize the importance of supply diversity, consistency and cost discipline, with a global supply network, a balanced approach to imported vs. local product sourcing, and low supplier concentration
  • We benefit from significant bargaining power through centrally managed as well as long-term relationships with trusted suppliers, which we continuously cultivate to reduce dependence on external parties
  • The depth and breadth of experience and talent in our senior management team was significantly reinforced following our acquisition by Adeptio in 2016
  • With support from our shareholders, our management team, led by CEO Amarpal Sandhu, has delivered significant improvements to our portfolio, growth and profitability profile. These include:
    • Rationalizing the brand portfolio to focus on the most attractive brands
    • Rebalancing the restaurant portfolio to emphasize Power Brands: KFC, Pizza Hut, Hardee’s and Krispy Kreme
    • A comprehensive shift towards a performance and KPI-driven values-led culture
  • We are backed by two of the region’s most established shareholders, the Saudi Public Investment Fund and Mr. Mohamed Ali Rashed Alabbar