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STATEMENT: Shamal Holding acquires full control of SUSHISAMBA

(Information sent by the signatory company).

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STATEMENT: Shamal Holding acquires full control of SUSHISAMBA

(Information sent by the signatory company)

DUBAI, UAE, Dec. 15, 2023 /PRNewswire/ -- Shamal Holding, a diversified investment firm managing a unique portfolio of investments, assets and experiences, has completed the acquisition of SUSHISAMBA Group, taking full control of the award-winning brand of SUSHISAMBA restaurants.

As part of the new structure, and having already owned 50% of SUSHISAMBA since 2014, Shamal Holding now assumes full control of the brand and its operational activities across all international locations.

After opening its first restaurant in New York in 1999, SUSHISAMBA has evolved into one of the world's most sought-after dining and entertainment experiences and a premier restaurant group with its unique blend of Japanese, Brazilian culture and cuisine. and Peruvian.

With a rapidly growing global presence as a hospitality trendsetter, SUSHISAMBA has two restaurants in London with epic views of the city, along with spectacular locations in Doha, Edinburgh, Las Vegas and Dubai. The brand opened its doors in Dubai in 2021, where, within a year, it was named Favorite Fusion Restaurant by Fact Dining Awards Dubai. Located on the iconic Palm Jumeirah, SUSHISAMBA Dubai offers stunning views of the Dubai skyline and the Arabian Gulf from the 51st floor of the St. Regis Dubai. The restaurant has also been shortlisted as Best Fusion Restaurant 2023.

Abdulla Binhabtoor, Director of Portfolio Management at Shamal Holding, commented: "SUSHISAMBA is one of the most acclaimed concept restaurants in the world. Having formed a strong partnership with the SUSHISAMBA team since 2014, we look forward to applying our resources and expertise on how to drive the accelerated growth of the business and its continued evolution as an iconic restaurant experience and lifestyle brand.”

Aligned with its long-term investment strategy to bring extraordinary experiences to the region, the acquisition of SUSHISAMBA reflects Shamal Holding's focus on building an international portfolio of hospitality, food and beverage, real estate and destination assets, investments and experiences. high-end leisure.

Commenting on the strategic rationale for the SUSHISAMBA acquisition, Binhabtoor explained: "SUSHISAMBA enhances our global hospitality portfolio, which already includes a number of extraordinary assets as part of a globally diversified portfolio, reflecting the ambition, spirit and energy of Dubai".

Omar Gutiérrez, co-CEO of SUSHISAMBA Group, said: "For almost a decade, Shamal Holding has been a key partner in SUSHISAMBA's success story. During that time, we have formed a strong partnership, working closely to drive growth across all our operations. The move means more than a change in structure, it demonstrates a deeper commitment to our growth and evolution, allowing us to continue to thrive in this dynamic and creative market as an iconic restaurant experience and lifestyle brand. Worldwide".

SUSHISAMBA's commitment to culinary excellence and hospitality trend-setting has established it as a premier global food and lifestyle brand, with vibrant locations in London, Las Vegas, Edinburgh, Doha and Dubai, with openings in Bahrain, Abu Dhabi and Riyadh in 2024.

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About Shamal

Born in Dubai, Shamal Holding is a diversified investment firm that cultivates the extraordinary through a unique portfolio of investments, experiences and assets. The investments we make are strategically chosen and carefully curated, reflecting the ambition, spirit and energy of Dubai.

Our real estate portfolio spans premier communities, districts, residences, retail centers and commercial spaces; We help realize the potential, delivering unique developments such as Dubai Harbor and Nad Al Sheba Gardens. We invest in a range of properties, franchises and operations across the hospitality sector from luxury, premium and affordable experiences, with extraordinary national and international brands as diverse as Five Guys, Jumeirah Zabeel Saray, Hart Shoreditch Hotel London and upcoming hotel launches Baccarat and residences Dubai.

For more information, visit www.shamalholding.com

About SUSHISAMBA

SUSHISAMBA celebrates the culture and cuisine of Japan, Brazil and Peru. The multi-sensory experience combines innovative food, creative drinks and an energy and spirit that is known and loved (and recognised) around the world. SUSHISAMBA's menus are an exciting mix of new and exclusive dishes with an emphasis on flavors, the best ingredients and inventive presentations. Complementing the cuisine, the restaurant offers specialty cocktails, cultural spirits such as Japanese whiskey and sake, and a large selection of wines and champagne.

SUSHISAMBA operates locations in Las Vegas, London, Dubai, Doha, Edinburgh and opening soon: Bahrain, Riyadh, Abu Dhabi and Milan. For more information, visit www.sushisamba.com and follow us on social media @SUSHISAMBA.

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