Arab Finance: Porto International Investments Group Limited, a subsidiary of A Capital Holding, has signed a development agreement with La Burrateria to establish a cheese production factory and operate Italian restaurants, according to a bourse statement.
The unit has obtained exclusive rights to develop and operate the brand in several markets, including Egypt, the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain, and Greece, for 20 years.
Porto International Investment will commence implementing the terms of the agreement and begin setting up the cheese factory as soon as possible.
The company will disclose any material developments in due course.
A Capital Holding consists of a group of subsidiaries. The activities of these companies vary in the fields of malls, trade, hotels, tourism, education, marketing, and asset management.
