Dine Brands Inks IHOP Restaurant Franchisee Deal In Western Saudi Arabia

  • Dine Brands Global Inc 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.
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