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Just Falafel looking to sell 25% stake

UAE-based fast-food chain, Just Falafel, which is planning to open 720 new outlets in 19 countries, is considering the sale of a 25% stake in an initial public offering by the end of December, Bloomberg has reported, citing two people with knowledge of the matter. The company appointed Dubai-based boutique firm HK Advisory Services to manage the potential listing on the Nasdaq Dubai exchange, the sources said.