By Andy Sambidge
Steak n Shake signs deal with AB Holdings to expand its footprint in the Gulf region
Steak n Shake, the US burger restaurant company, has signed an exclusive deal with AB Holdings to open 50 of its restaurants in Saudi Arabia.
The burger chain, which is owned by Biglari Holdings Inc, said that the deal is part of its plan to further its global expansion.
Steak n Shake, which was founded in 1934, expects to open its first restaurant in Riyadh during the first half of 2014.
Last year, Steak 'n Shake, the US burger restaurant company, announced its first international development agreement in the UAE.
Steak n Shake signed an exclusive area development agreement with the Saleh Bin Lahej Group to open 40 restaurants in the country.
Sardar Biglari, chairman of Biglari Holdings, which owns Steak n Shake, said: “We now have forged a forceful beginning in the Middle East with total commitments for 90 restaurants.”
The premium burger chain, which currently operates over 520 restaurants, is planning further global expansion, mainly in the Middle East and Europe.For all the latest retail news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.