Salt Bae restaurant owner may sell stake to Qatar’s wealth fund

Follow-ups -eshrag News:

Tue, 2022-05-31 18:07

RIYADH: The owner of Nusr-Et Steakhouse, Salt Bae, is in talks to sell a stake in Qatar’s $450 billion wealth fund, Bloomberg reported. 

While D.ream Group, a food and beverage services company, may sell 20 percent of its stake to the Qatar Investment Authority for about $300 million.

The owner of D.ream Group, Ferit Dogus, is trying to raise cash and deliver on pledges it made to banks as part of a debt restructuring, according to Bloomberg. 

In 2020, the company agreed to sell a 30 percent stake in a luxury mall in Istanbul to an arm of the Qatar Investment Authority.

Main category: 
Business & Economy

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