Restaurant chain Just Falafel plans Dubai IPO

just falafel

 

Just Falafel, a UAE-based franchise restaurant offering the traditional Arab food, is planning for an IPO by October.

According to Arabian Business, Just Falafel has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October 2013.

Just Falafel, which was set up in 2007 in the UAE capital of Abu Dhabi, has grown to 41 restaurants and more than 720 franchise commitments signed in 19 countries, according to its website.


Falafel, made of deep-fried balls or patties of ground chickpeas or fava beans, is usually served in pita bread. The falafel balls are topped with salads, pickled vegetables and sauces.


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