‎Here’s what you need to know about Americana Restaurants ahead of IPO

‎Here’s what you need to know about Americana Restaurants ahead of IPO

Americana Restaurants International PLC, which is set for dual listing on Saudi Arabia and Abu Dhabi stock markets, said it is the leading out-of-home dining (OOHD) and quick service restaurant (QSR) operator in a $56 billion total OOHD market. It operates across the 12 markets of its presence in the MENA region and Kazakhstan.

The company has the largest OOHD market share in the countries where it operates. It expanded its market share to 3.2% in 2020 and 3.6% in 2021.

Americana also holds the largest share in QSR, growing from 7.6% in 2019 to 9.3% in 2021.

Financial Performance

The company posted net earnings of $195.8 million (2.3 cents per share) for the first nine months of 2022, compared with $154.4 million a year earlier.

The nine-month revenues reached $2.05 billion in 2021, rising 8.5% from 2019. Net profit attributable to parent company amounted to $204 million, with a net margin of 9.9%.

The company said the group's capital was orderly deployed, with a primary focus on the opening of new restaurants, investment in technology and redesigning of restaurants. It added that the efficient restaurant designs and strict organizational management empowered the group to secure a leading position in the sector in terms of capital