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Asharq Al-Awsat

Business

Dubai - Asharq Al-Awsat

Saudi PIF Close to Buying Stake in Starbucks Middle East

Starbucks PIF Middle East JPMorgan Asia Kuwait ADQ North Africa Russia

Starbucks coffee shops are popular in the Gulf region and the Middle East. (Asharq Al-Awsat)

The Saudi Public Investment Fund (PIF) has been shortlisted to buy a stake in the Middle East, North Africa, and central Asia Starbucks franchise held by Alshaya Group, revealed sources.

The Starbucks franchise has several hundred outlets in 14 countries across the Middle East, Russia, and central Asia.

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