The Jeddah-based specialty coffee chain is more than halfway towards its target of reaching 1,000 stores by 2030, with international expansion expected next year
Barn’s currently operates more than 550 stores across Saudi Arabia | Photo credit: Barn’s
Saudi Arabia’s Barn’s is planning to launch an initial public offering (IPO).
Founded in 1992 by the Al Amjaad Group, Barn’s currently operates more than 640 stores across Saudi Arabia – the Middle East’s largest market. Of its total store count, more than 70% is franchised.
The coffee chain is expected to make its international debut in the first quarter of 2024 in Bahrain, a Barn’s Coffee official told World Coffee Portal.
Speaking at Barn’s annual Franchise Meeting in Jeddah, Al Amjaad Group CEO Mohamed Al Zain said the planned IPO would enable the public ‘to move from loyal customers to investors in the company’s success’.
Barn’s is seeking to reach 1,000 stores globally by 2030, primarily driven by expansion to neighbouring Middle East and North African (MENA) markets, as well as planned entries into the UK, US and Malaysia.
In his annual Franchise Meeting address, Al Zain also declared Saudi Arabia as the ‘coffee capital of the Middle East’.
“Saudi Arabia’s recognition as the ‘coffee capital of the Middle East’ is a testament to our passion for coffee and our commitment to fostering a vibrant coffee culture. We believe that this is just the beginning of our journey, and we look forward to further elevating Saudi Arabia’s standing in the international coffee community,” he said.
World Coffee Portal research shows that Saudi Arabia currently accounts for 40% of all branded coffee shop outlets in the MENA region. Barn’s is the country’s second largest operator behind US- based Dunkin’.