Americana Restaurants to debut on Tadawul today as first dual listing
- Date: 12-Dec-2022
- Source: Argaam
- Sector:Retail
- Country:Saudi Arabia
Americana Restaurants to debut on Tadawul today as first dual listing
Shares of Americana Restaurants International will start trading on the Saudi Exchange (Tadawul) today, Dec. 12, with the symbol 6015 and ISIN Code: AEE01135A222.
The concurrent and dual listing in Saudi Arabia and the UAE is the first for Tadawul, which earlier accepted only Saudi companies.
The daily price fluctuation limits will not apply to the company's shares during the first three days of listing, while the +/- 10% static price fluctuation limits will apply.
From the fourth trading day onwards, the daily price fluctuation limits of -/+ 10% will apply, while static price fluctuation limits will not.
The company floated 30%, or 2.527 billion shares, of its capital in a dual IPO on Tadawul and Abu Dhabi Securities Exchange (ADX), according to data available with Argaam.
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