Saudi firm invests in McDonald’s in South-East Asia

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12 January 2017 à 16h30

Updated on 10 May 2019 à 18h02

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1 minute

Publication: 12 January 2017 à 16h30, Updated on 10 May 2019 à 18h02

Reading time: 1 minute

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Publication

12 January 2017 à 16h30

Updated on 10 May 2019 à 18h02

Reading time

1 minute

Publication: 12 January 2017 à 16h30, Updated on 10 May 2019 à 18h02

Reading time: 1 minute

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The Saudi Arabian firm Lionhorn, led by Sheik Fahd and Abdulrahman Alireza and franchisee for 100 McDonald’s restaurants in Saudi Arabia, has purchased new franchise rights for Singapore and Malaysia, which include 390 restaurants. The financial terms were not disclosed. In order to have 95% of franchise stores by the end of 2018, McDonald’s is selling up direct ownership in Asia.

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