Benzinga | Jan 27, 2022 03:05PM EST

Dine Brands Set To Open Applebee's, IHOP Restaurants In UAE

* Dine Brands Global Inc (NYSE:DIN) plans to open multiple Applebee's Neighborhood Grill + Bar and IHOP restaurants in the United Arab Emirates (UAE).

* The first location is scheduled to open in Dubai in the later half of 2022 through an agreement with established IHOP Franchisee Mohamed Makawi.

* "We have seen success in this market through our ghost kitchen operations and are excited to be re-establishing brick-and-mortar locations for our two world-renowned brands," said Tony Moralejo, President, International, Dine Brands.

* The company noted UAE's increasing tourism business and consumer demand for casual and family dining restaurants reaffirm it as an important growth market.

* Price Action: DIN shares traded lower by 1.80% at $64.86 on the last check Thursday.