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KFC’s Middle East and North Africa franchisee plans dual listing in UAE, Saudi

Americana Restaurants, the Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut, said it planned to launch an initial public offering (IPO), followed by a dual listing in the United Arab Emirates and Saudi Arabia.

Adeptio Investments, an investment vehicle jointly-held by Dubai businessman and founder of Emaar Properties Mohammed Alabbar and Saudi Arabia’s Public Investment Fund, is offering about 2.53 billion existing ordinary shares, representing 30% of the company, Americana said in a regulatory filing on Wednesday.

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