Saudi Exchange celebrates the listing of Americana Restaurants International PLC

Saudi Exchange celebrates the listing of Americana Restaurants International PLC

Riyadh: The Saudi Exchange and the Abu Dhabi Securities Exchange (ADX) celebrated the listing of UAE-headquartered Americana Restaurants International Plc (Americana Restaurants), the largest restaurant operator in the MENA region and Kazakhstan, through a listing ceremony held at the Saudi Exchange’s Media Center. The ceremony was attended by Mohammed Sulaiman Al Rumaih, CEO of Saudi Exchange, and Mr. Raid Abdullah Ismail, Board Member, Americana Restaurants, who welcomed the first-ever dual listing in the GCC region.

Commenting on the occasion, Mohammed Al Rumaih, CEO of Saudi Exchange, said, “We are excited to welcome Americana Restaurants as the first dual listed company on the Saudi Exchange. The Exchange has implemented infrastructure to enable strong links with capital markets in the GCC region, allowing Non-Saudi issuers to access an additional pool of capital. This historic milestone serves as testament to the development of a technologically advanced market and reflects the strategic importance of the Saudi capital market as one of the largest emerging markets in the world.”

Americana Restaurants issued 2.527 billion shares, representing 30% of the company’s issued share capital, set at an offering price of SAR 2.68 per share on the Saudi Exchange.

The dual listing follows the introduction of several enhancements by the