Dividend Gate Capital (“DGC”) and Bahrain Family Leisure Company B.S.C. (“BFLC”) have signed the definitive agreement formalising BFLC’s proposed share-swap acquisition of Truffle Hospitality Holding, DGC’s food and beverage platform, following the successful completion of a comprehensive due diligence process.

The agreement represents a strategic milestone for Dividend Gate Capital and reflects the continued evolution of Truffle Hospitality as a centralized platform designed to bring scale, governance, and institutional discipline to the food and beverage sector.

Established by DGC, Truffle Hospitality brings together a diversified portfolio of food and beverage brands operating across multiple GCC markets. The platform was created to move beyond individual concept ownership toward a more deliberate, structured model — enabling shared operations, clearer governance, and the ability to scale efficiently across markets.

Speaking during the signing ceremony, Mr. Mohamed Khonji, Managing Director and Board Member of Dividend Gate Capital and Chairman of Truffle Hospitality, highlighted the strategic rationale behind the platform’s development and DGC’s long-term approach to the sector.

“Dividend Gate Capital’s journey in food and beverage began with private investments in individual concepts. This evolved into a more deliberate structure with the creation of Truffle, a centralised holding company with shared operations, clear governance, and the ability to scale.”

Mr. Khonji also underscored the broader significance of the agreement within the context of Bahrain’s food and beverage sector, noting that transactions of this nature remain uncommon, particularly at the listed-company level.

“This agreement is also a significant moment for Bahrain’s F&B sector. It marks the first time two companies in this space have joined forces at the listed-company level, a clear signal that the industry is maturing and shifting towards more structured models aligned with investor expectations.”

He further noted that consolidating under a single structure enables more effective use of shared resources and supports focused, sustainable growth.

“By consolidating under one structure, we will be able to operate at a larger scale and use shared resources more strategically. It gives us the tools to compete in new markets and to grow with greater focus.”

The agreement brings together two complementary portfolios, combining Truffle Hospitality’s diversified brand base with BFLC’s established presence as a listed company with an experienced hospitality-focused shareholder base.

Mr. Ahmed Janahi, Vice Chairman of Bahrain Family Leisure Company, also shared his perspective on the importance of the agreement, emphasizing its role in supporting BFLC’s long-term growth objectives and enhancing value creation for shareholders through scale, diversification, and a clearer investment framework.

Once completed, the proposed acquisition is expected to bring together more than 20 food and beverage brands and over 50 outlets across four GCC countries under a single listed platform, further strengthening Bahrain’s position as a hub for structured, investment-ready hospitality businesses.

Dividend Gate Capital remains focused on developing Truffle Hospitality as a resilient, scalable platform aligned with its broader strategy of building disciplined businesses designed to deliver sustainable, long-term growth.