Barbeque Nation Expands into Saudi Arabia with New Step-Down Subsidiary

BENGALURU, INDIA – February 5, 2025 – Barbeque-Nation Hospitality Limited has announced the incorporation of a step-down subsidiary, Barbeque Nation Saudi Arabia Limited, as part of its expansion strategy in the Middle East.

Key Highlights of the Incorporation​

• Subsidiary Structure: Barbeque Nation MENA Holding Limited, a wholly owned subsidiary of the company based in Dubai, has subscribed to the constitution of Barbeque Nation Saudi Arabia Limited in the Kingdom of Saudi Arabia.
• Shareholding Details: Barbeque Nation MENA Holding Limited holds 70% equity in the new entity, subscribing 700 shares at SAR 1,000 per share, amounting to a total investment of SAR 70,000.
• Business Objective: The step-down subsidiary is authorized to establish and operate restaurants and beverage shops, aligning with the company’s core business operations.
• Regulatory & Financial Information:
  • Share capital of SAR 100,000, divided into 100 shares of SAR 1,000 each.
  • The company is currently in the process of incorporation; therefore, financial figures such as turnover and net worth are not yet available.

Strategic Rationale​

The move underscores Barbeque Nation’s intent to strengthen its presence in the Middle Eastern market, particularly in Saudi Arabia, which has a growing demand for casual dining and international restaurant chains. The expansion is expected to contribute to the company’s international growth strategy by tapping into new consumer markets.

Regulatory Considerations​

The company clarified that the transaction falls within related party regulations under Section 2(76) of the Companies Act, 2013. However, neither the promoters nor the directors of Barbeque-Nation Hospitality Limited hold any financial or personal interest in the newly incorporated entity.

Next Steps​

The incorporation of Barbeque Nation Saudi Arabia Limited marks the beginning of Barbeque Nation’s operational expansion in Saudi Arabia, with further developments anticipated once the registration process is complete.