Dubai-based investment company Shamal Holding has recently secured full ownership of the SUSHISAMBA restaurant brand by acquiring the remaining 50% stake, augmenting its initial 50% ownership held since 2014.
The specific financial terms of the transaction remain undisclosed.
Shamal Holding chief portfolio management officer Abdulla Binhabtoor said, “SUSHISAMBA is one of the most highly acclaimed concept restaurants in the world.
“Having formed a strong partnership with the SUSHISAMBA team since 2014, we look forward to applying our resources and know-how to drive accelerated growth for the business and its continued evolution as an iconic restaurant experience and lifestyle brand.
“SUSHISAMBA enhances our global hospitality portfolio which already includes a number of extraordinary assets as part of a globally diversified portfolio, mirroring Dubai’s ambition, spirit and energy.”
With this latest acquisition, Shamal Holding will now have full controlling interest in the brand, overseeing its operational activities across all international locations.
As part of Shamal’s strategic vision to evolve into a prominent international investment organization, the acquisition aligns with the goal of actively contributing to Dubai’s long-term objectives.
SUSHISAMBA opened its first restaurant location in New York, USA.
The brand presently has two establishments in London, UK, and operates in Doha, Edinburgh, Las Vegas, and Dubai as well.
By 2024, the brand intends to expand its presence by inaugurating new restaurant locations in Bahrain, Abu Dhabi, and Riyadh.
SUSHISAMBA Group co-CEO Omar Gutierrez said, “For close to a decade, Shamal Holding has been a key partner in the SUSHISAMBA’s success story. Over that time, we have formed a strong partnership, working closely to drive growth across our operations.
“The move signifies more than a shift in structure. It demonstrates a deepened commitment to our growth and evolution enabling us to continue to thrive in this dynamic and creative market as an iconic restaurant experience and lifestyle brand around the world.”
