Bahrain Family Leisure Company (BFLC) shareholders have approved a major merger with Truffle Hospitality Holding, a subsidiary of Dividend Gate Capital (DGC), creating one of the kingdom’s largest hospitality platforms.
The deal, greenlit during an extraordinary general meeting yesterday, follows a no-objection letter from the Central Bank of Bahrain.
Under the transaction, BFLC will acquire 100 per cent of Truffle’s shares. In exchange, Truffle shareholders will hold a 58pc stake in the expanded BFLC, with existing shareholders retaining 42pc.
The merger brings together more than 20 brands ranging from quick-service concepts to premium dining and industrial kitchens.
The combined portfolio includes well-known names such as Bennigan’s, Cucina, Hlayel, Tikka2Go, and Tikka & Kabab Ameen, alongside strategic partnerships with the Manos Group.
Operations will be streamlined through SoleCorp, a centralised platform managing finance, HR, and logistics to drive scalability.
“Truffle today represents one of the region’s most diversified hospitality platforms,” said DGC managing director and Truffle board member Mohamed Khonji.
“Becoming part of a listed structure strengthens our governance and positions us for long-term expansion across the wider GCC.”
Truffle will now move forward with a planned capital raise and a regional growth roadmap.
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