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Asharq Al-Awsat

Business

Dubai - Asharq Al-Awsat

Americana Plans Selling 30% of its Share Capital in Saudi Arabia, Abu Dhabi Markets

Americana Saudi Arabia Abu Dhabi ADX UAE IPO MENA

Americana Restaurant International announced Wednesday its plans to sell 30 percent of its share capital in Saudi Arabia and Abu Dhabi markets (Asharq Al-Awsat)

Americana Restaurant International, the largest quick service restaurant operator in the MENA region, announced Wednesday its plans to sell 30 percent of its share capital in an initial public offering (IPO) and dual-list on stock markets in Saudi Arabia and Abu Dhabi.

Adeptio Investments AD Ltd., the selling shareholder, intends to offer more than 2.5 billion ordinary shares of Americana Restaurants, representing 30% of the total issued share capital of Americana Restaurants, in a public and concurrent Offering on ADX in the UAE and on the Saudi Exchange in Saudi Arabia.

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