Americana Restaurants lists on MSCI UAE Index

  • Date: 02-Jun-2023
  • Source: Gulf Business
  • Sector:Retail
  • Country:UAE
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Americana Restaurants lists on MSCI UAE Index

Americana Restaurants, the largest out-of-home dining and quick service restaurant (QSR) operator in the Middle East & North Africa and Kazakhstan, announced that it has been included in the MSCI UAE Index, as per state news agency . The index is widely recognised as an important benchmark for investment decision-making by investors in emerging markets including regional markets. ’ inclusion in these indices follows its historic concurrent dual listing on the Abu Dhabi Securities Exchange and the Saudi Exchange (Tadawul), which raised $1.8 bn in gross proceeds. It was the region’s first concurrent dual listing, the offering generated significant local and international investor demand. Americana Restaurants has 2,183 restaurants in its portfolio and is present across 12 countries in Middle East, North Africa and Kazakhstan. The QSR operator’s portfolio includes a range of global brands, such as KFC, Pizza Hut, Hardee’s, Krispy Kreme, Peet’s Coffee, Wimpy, TGI Friday’s, Costa Coffee and Baskin Robbins. As a constituent of the MSCI UAE Index, Americana Restaurants is now also a constituent of all regional and composite MSCI equity indices containing the UAE. These indices include the MSCI Emerging Markets Index, Investable Market Index (IMI) and MSCI All Country World Index (ACWI), the provider’s