DUBAI, Oct 31 (Reuters) – Saudi Arabia’s market regulator mentioned on Monday it had accredited a concurrent and twin itemizing of Americana Group, the Center East and North Africa franchisee of fast-food chains KFC and Pizza Hut, within the kingdom and the United Arab Emirates (UAE).
Americana has approval to promote 30% of its shares, which would be the first to commerce in each the UAE and Saudi Arabia.
The Capital Market Authority mentioned the approval was for a twin registration within the two international locations and an providing of two.53 billion shares.
Americana is owned by Saudi Arabia’s Public Funding Fund (PIF) and an funding consortium led by Dubai businessman Mohammed Alabbar, founding father of Dubai-listed Emaar Properties (EMAR.DU).
($1 = 3.7568 riyals)
Reporting by Hadeel Al Sayegh
Modifying by Mark Potter
: .