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- Dine Brands Global Inc (NYSE:DIN) is planning to launch new IHOP restaurants in the western Kingdom of Saudi Arabia (KSA).
- The company plans five restaurant openings in Western Saudi Arabia over the next five years. It has entered into an agreement with IHOP Franchisee Ahmed Marashde.
- The places for new locations include Jeddah, Mecca, Medina, and cities along the Red Sea coast, with the first location scheduled to open in Jeddah in early 2023.
- The new IHOP locations will offer casual dining spaces for guests, and the menu includes IHOP's Pancakes, Breakfast Combos, Omelettes, Burgers, Hand-Crafted Melts, Burritos, and Bowls.
- Price Action: DIN shares are trading higher by 4.01% at $69.71 on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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