Americana offers 30% of its shares for subscription in Abu Dhabi and Saudi Arabia through a dual initial offering

Americana Restaurants International PLC announced today its intention to offer its shares on the Abu Dhabi Securities Exchange and the Saudi Stock Exchange “Tadawul” through a simultaneous dual initial public offering.

Adeptio AD Investments Ltd. the “selling shareholder” intends to offer 2,527,089,930 shares of its common stock, representing 30% of the total issued share capital of Americana Restaurants Company, in a simultaneous dual initial public offering and listing the shares in each From the Abu Dhabi Securities Exchange in the UAE and the Saudi Stock Exchange (Tadawul) in the Kingdom of Saudi Arabia, and the net proceeds of the offering will be received by the selling shareholder.

The subscription period is expected to last from 14 to 21 November 2022 for the individual investors segment in the United Arab Emirates and Saudi Arabia, and from 14 to 22 November 2022 for the qualified institutional segment, while it is expected that shares will begin trading on the Abu Dhabi Securities Exchange and the Saudi Stock Exchange.” Tadawul” on or around December 6, 2022.

Completion of the offering process and acceptance to start trading is subject to market conditions and obtaining the necessary relevant regulatory approvals in the United Arab Emirates and the Kingdom of Saudi Arabia.

Americana's restaurant business was previously owned and operated by the Kuwait Food Company "Americana" under the broader Americana Group umbrella, which included the restaurants and food sectors.

The initial public offering will include only the Americana Restaurants Company business.

The company is registered and incorporated in the Abu Dhabi Global Market and is subject to its corporate regulations for the year 2020 and its amendments.

The selling shareholder owns 96% of the total capital of Americana Restaurants Company, a joint investment vehicle owned by Mohammed Ali Rashid Alabbar, founder of Emaar Properties, and the Saudi Public Investment Fund.

The Chairman of the Board of Directors of Americana Restaurants, Mohammed Ali Rashid Alabbar, said: “We are pleased to announce the start of the initial public offering process, which is a milestone in the history of our company that spans over fifty years. We are proud that Americana Restaurants is a company that started its activities in the Gulf Cooperation Council countries, and achieved Significant growth to become the first and leading company in the Middle East, North Africa and Kazakhstan.Led by our experienced and competent management team, we have been able to strengthen Americana Restaurants’ position as the leading operator of the best brands on a global level thanks to distinguished digital technologies and strong financial results.A diversified restaurant platform provides We have created the various most popular foods that delight millions of customers in all twelve countries in which we operate.The strength and diversity of our brands, services, exponential growth, strong profits and cash flow make Americana Restaurants an unrivaled leader in the region.

Alabbar added: “The dual simultaneous initial public offering and listing on the Abu Dhabi Securities Exchange and the Saudi Stock Exchange (Tadawul) is the first of its kind in both markets, and I believe that Americana Restaurants is the only company currently able to do this type of listing. This is a special time to invite investors in the UAE, Saudi Arabia and internationally to share in our success, thanks to the strong economic and demographic factors that support our accelerated growth.”

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