(MENAFN) In a statement, the restaurant company that operates KFC, Pizza Hut, Krispy Kreme, and other brands throughout the Middle East announced the allocation of shares to investors as well as the planned date for its initial public offering in Abu Dhabi and Saudi Arabia.
The initial public offering of Americana Restaurants represents the first simultaneous dual listing process on the Saudi Stock Exchange, also known as Tadawul, and the Abu Dhabi Stock Exchange.
The IPO's listing and trading process is scheduled to start on December 12 after receiving all necessary regulatory approvals.
The final share price to be offered for subscription as of November 24 is 2.62 dirhams (USD0.71) per share in the United Arab Emirates and SR2.68 (USD0.71) per share in the Kingdom, respectively, according to the business.
Requests for subscriptions totaled USD105 billion, coming from a number of qualified and eligible institutional investors in various nations, including the United Arab Emirates and Saudi Arabia.
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