Americana Restaurants International Plc (“Americana Restaurants”, the “Group” or the “Company”), the
largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (“MENA”)1
and Kazakhstan by number of restaurants, today announces its intention to proceed with an Initial Public
Offering (the “IPO” or the “Offering”) and to list its shares for trading on the Abu Dhabi Securities Exchange
(“ADX”) and the Saudi Stock Exchange (the “Saudi Exchange”) through a concurrent dual listing process.
Americana Restaurants was previously operated by Kuwait Food Company (Americana) K.S.C.C, under the
wider Americana umbrella, which included both Restaurant and Food businesses. The Initial Public Offering is
for the Restaurant business only.
Adeptio Investments AD Ltd. (the “Selling Shareholder”) intends to offer 2,527,089,930 existing ordinary
shares of Americana Restaurants (the “Offer Shares”), representing 30% of the total issued share capital of
Americana Restaurants, in a public and concurrent Offering on ADX in the United Arab Emirates (“UAE”) and
on the Saudi Exchange in the Kingdom of Saudi Arabia (“Saudi Arabia” or “KSA”). The net proceeds of the
Offering will be received by the Selling Shareholder.
The Company is registered and incorporated in the Abu Dhabi Global Market (“ADGM”) and is subject to the
ADGM Companies Regulations 2020 (as amended). The Selling Shareholder owns 96% of the total issued
share capital of Americana Restaurants and is the jointly-held investment vehicle of Mr. Mohamed Ali Rashed
Alabbar, founder of Emaar Properties, and Saudi Arabia’s Public Investment Fund (“PIF”).
Commenting on the launch of the IPO process, Americana Restaurants’ Chairman, Mr. Mohamed Ali
Rashed Alabbar, said:
“It gives us great pleasure to announce the start of our IPO process, a major milestone in our fifty-plus year
history. We are proud of the fact that Americana Restaurants is a GCC-born food and beverage champion,
which has grown to be the single largest player in the MENA region and Kazakhstan. Led by an experienced
and deeply committed management team, Americana Restaurants has earned a reputation of being a stand-out
operator of iconic global brands, with best-in-class digital capabilities, and a track record of breakthrough
financial results. Our diversified restaurant platform serves the most popular food categories and delights
millions of customers across our 12 countries of operation. The strength and diversity of Americana
Restaurants’ iconic brands, combined with its scale, growth, profitability, and cash generation make it a rare
asset with no peers in the region.”
“A concurrent dual listing on ADX and the Saudi Exchange marks a first-of-its-kind transaction for both
markets, and no company could be better suited than Americana Restaurants to carry this torch. With
macroeconomic and demographic tailwinds that support our accelerating growth, this is an exciting time to be
inviting investors in the UAE, Saudi Arabia and internationally to share in our onward journey of success.”