Dubai-based investment company Shamal Holding, which has held a 50% stake in the SUSHISAMBA restaurant brand since 2014, has acquired the remaining 50% stake.

Financial details of the deal have not been disclosed.

Shamal Holding chief portfolio management officer Abdulla Binhabtoor said: “SUSHISAMBA is one of the most highly acclaimed concept restaurants in the world.

“Having formed a strong partnership with the SUSHISAMBA team since 2014, we look forward to applying our resources and know-how to drive accelerated growth for the business and its continued evolution as an iconic restaurant experience and lifestyle brand.

“SUSHISAMBA enhances our global hospitality portfolio which already includes a number of extraordinary assets as part of a globally diversified portfolio, mirroring Dubai's ambition, spirit and energy.”

With this latest acquisition, Shamal Holding will now have full controlling interest in the brand and its operational activities across all international locations.

The acquisition is part of Shamal's strategy of becoming a major international investment organisation that actively contributes to Dubai's long-term objectives.

SUSHISAMBA opened its first restaurant location in New York, US.

The brand currently operates two locations in London, UK, as well as in Doha, Edinburgh, Las Vegas and Dubai.

In 2024, it plans to further expand its footprint by opening new restaurant locations in Bahrain, Abu Dhabi and Riyadh.

SUSHISAMBA Group co-CEO Omar Gutierrez said: “For close to a decade, Shamal Holding has been a key partner in the SUSHISAMBA's success story. Over that time, we have formed a strong partnership, working closely to drive growth across our operations.

“The move signifies more than a shift in structure. It demonstrates a deepened commitment to our growth and evolution enabling us to continue to thrive in this dynamic and creative market as an iconic restaurant experience and lifestyle brand around the world.”