Tue, 2022-11-01 15:02
RIYADH: KFC and Pizza Hut restaurants operator Americana Group, owned by Saudi Arabia’s Public Investment Fund, has obtained approval from the Capital Market Authority for dual listing in Abu Dhabi and Riyadh.
The firm’s dual offering is the first of its kind in the Saudi Capital Market, according to the CMA’s statement.
The food company, which is also owned by an investment vehicle led by Dubai-based businessman Mohamed Alabba, received approval to offer a 30 percent stake or 2.53 billion shares.
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