ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

McDonald's Malaysia and Singapore sold to Saudi group

New licensee has run Golden Arches franchise in Saudi Arabia for decades

McDonald's in Singapore

KUALA LUMPUR -- McDonald's, the world's largest fast-food chain, has sold its Malaysia and Singapore franchise license to a Saudi group which already holds a developmental license for the chain for the western and southern regions of Saudi Arabia.

Financial terms of the transaction were not disclosed in a statement by McDonald's Malaysia. However, press reports had valued the deal at around $400 million for 20-year franchise rights. The change of ownership took effect last Thursday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more