By: Amr Adel

Dubai – Mubasher: Marka is currently studying two acquisition deals that can be executed in the UAE during 2017, deputy chairman and CEO of Marka, Khaled Al Muhairi, said.

The takeover deals are in the restaurant industry, the CEO said on the sidelines of a press conference held on Tuesday. He added that Marka is considering executing one of the two deals in the right time.

Marka announced on Tuesday that it has reached an exclusive agreement with Real Madrid CF, upon which the company will have the rights for manufacturing, distributing, and selling all the products holding the football club’s name across the GCC region.

This five-year deal is considered the first for the Spanish club in the Middle East, with AED 200 million worth expected sales, Al Muhairi noted.

Marka intends to sign a strategic partnership agreement in the retail business within the coming three weeks, the CEO said.

The CEO pinpointed that Marka will focus this year on reaching exclusive franchise agreements with international names and trademarks.

Translated by: Ingy ElSafy