Americana Restaurants International Plc announcement of investor allocations and revised timetable for concurrent dual listing on ADX and the Saudi Exchange

Americana Restaurants International Plc announcement of investor allocations and revised timetable for concurrent dual listing on ADX and the Saudi Exchange

Abu Dhabi and Riyadh: Americana Restaurants International Plc (“Americana Restaurants” or the “Company”), the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa and Kazakhstan, announces investor allocations and the revised timetable for its Initial Public Offering (“IPO” or the “Offering”) – the historic, first-of-its-kind concurrent dual listing on the Abu Dhabi Securities Exchange (“ADX”) and the Saudi Stock Exchange (the “Saudi Exchange”).

As announced on 24 November 2022, the final price for the shares to be sold in the Offering (the “Final Offer Price”) has been set at AED 2.62 per Share in the UAE and SAR 2.68 per Share in Saudi Arabia.

The concurrent bookbuilding process generated orders of approximately $105 billion (equivalent to AED 386 billion / SAR 394 billion) in aggregate from qualified institutional investors in a number of countries, including the UAE and Saudi Arabia (the “Institutional Offer”) and individuals and other investors in the UAE and Saudi Arabia (the “UAE Retail Offer” and the “KSA Retail Offer” respectively). The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively, and the Institutional Offer was oversubscribed 65.5x, resulting in an aggregate oversubscription level of 58x.