Friday 3 February 2023

Americana Restaurants set for key Abu Dhabi listing

ABU DHABI, December 9, 2022

The Abu Dhabi Securities Exchange (ADX) has announced the listing of shares of Americana Restaurants International Company by shares incorporated in the Abu Dhabi Global Market (ADGM) next Monday.
According to a circular issued by ADX, these shares will be listed on the bourse under the trading symbol (AMR) with effect from December 12, in the First market – First Category.
Americana Restaurants International has recently announced investor allocations and the revised timetable for its Initial Public Offering (IPO) – the historic, first-of-its-kind concurrent dual listing on the Abu Dhabi Securities Exchange (ADX) and the Saudi Stock Exchange (the Saudi Exchange).
The final price for the shares to be sold in the Offering (the Final Offer Price) has been set at AED2.62 per share in the UAE and SR2.68 per share in Saudi Arabia.
The concurrent bookbuilding process generated orders of $105 billion (equivalent to AED386 billion/SR394 billion) in aggregate from qualified institutional investors in a number of countries, including the UAE and Saudi Arabia.-TradeArabia News Service


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