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Saudi Arabia approves dual listing of Pizza Hut, KFC franchisee in Kingdom and UAE

Americana has authorization to market 30 percent of its shares, and also will certainly be the very first team to sell both the UAE and also Saudi Arabia

On Monday, Saudi Arabia’s market regulatory authority claimed that it had actually authorized a simultaneous and also double listing of Americana Team, the Center East and also North Africa franchisee of fast-food chains KFC and also Pizza Hut, in the Kingdom of Saudi Arabia and also the United Arab Emirates (UAE).

Americana has authorization to market 30 percent of its shares, and also will certainly be the very first to sell both the UAE and also Saudi Arabia.

The Funding Market Authority claimed the authorization was for a twin enrollment in both nations and also an offering of 2.53 billion shares.

Americana is had by Saudi Arabia’s Public Mutual fund (PIF) and also a financial investment consortium led by Dubai business person Mohammed Alabbar, creator of Dubai-listed Emaar Residences.

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