Kitopi acquires leading F&B group AWJ Investments

  • Date: 01-Mar-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
  • Who else needs to know?

Kitopi acquires leading F&B group AWJ Investments

Kitopi, the world’s leading tech-powered, multi-brand restaurant, has announced that it has acquired leading F&B group - AWJ, in one of the largest F&B transactions of the GCC region.

A highly successful Dubai-founded F&B group, AWJ is the holding company behind popular delivery and dine-in brands such as Operation Falafel, Catch 22, Awani, Sushi Do and more.

AWJ’s concepts were created and developed by Co-Founding Director Manhal Naser, who acted as the group’s CEO since incorporation, and Co-Founding Director Tamer Bazzari, who chaired the corporate vehicle of the fund and was the Investment Manager.

The group opened its first outlet in Dubai in 2014, and has since expanded its portfolio to more than 10 brands (delivery and dine-in), and 32+ outlets across the UAE and Saudi Arabia. Today, Operation Falafel serves over 2 million customers globally per year.

AWJ also has franchises in New York and London, and is headquartered in Dubai, UAE with over 1300+ employees.

The acquisition announcement comes as part of Kitopi’s ongoing strategy to invest in and grow much-loved regional brands and take them global, as it continues to dominate the F&B space. Primarily known as a cloud kitchen, today Kitopi defines itself as a tech-powered, multi-brand restaurant with over 100