Marka acquires restaurant chain Reem al Bawadi

Marka PJSC, a Dubai-listed company focused on the retail and hospitality sectors, announced that it has acquired the restaurant chain Reem Al Bawadi in a deal valued at approximately AED 315 million.

Marka names Nick Peel as CEO

Peel joins Marka from the leading European developer and manager of designer outlets, McArthur Glen, where he held the position of UK Country Manager, with responsibility for a turnover in excess of £600 million and more than 200 brands.