Max's to open Yellow Cab stores in the Middle East

Casual dining operator Max's Group Inc. (MGI) continues to widen its global footprint and is set open at least 15 Yellow Cab Pizza stores in the Middle East.

In a filing with the Philippine Stock Exchange on Wednesday, MGI said it has signed a development agreement with Jalal Holding to put up at least five Yellow Cab Pizza stores in Jordan, and 10 in Egypt within five years.

"We continue to chart new territories for expansion overseas. Our previous ventures and recent openings in this region have proven successful," MGI President and CEO Robert F. Trota said.

The recent development marks the fifth agreement signed by the company this year, resulting in a total commitment of 131 international outlets to be rolled out in the coming years.

Jalal Holding is an emerging food and beverage group in Jordan and Egypt.

"We partnered with Jalal Holdings as we believe in their expertise and business prowess to spearhead this endeavor. Their credentials ensure consistent delivery of best-in-class products and services to customers," Trota said.

Jalal Holding noted Yellow Cab Pizza stores are expected to satisfy the markets in Jordan and Egypt.

"We believe the food and beverage industry in Jordan and Egypt has specifically a huge potential. With our newly established company Jalal Holding, we plan to satisfy Jordan's and Egypt's customers' growing needs of high quality food and beverage products," Jala Holding CEO Jalal K. Dudin said. – Jon Viktor Cabuenas/VDS, GMA News