Al-Marsad Daily: The Saudi stock market prepares to receive the first double offer in its history, on November 14, as a double offer of American international restaurants simultaneously in Saudi Arabia and the United Arab Emirates.
Americana has indicated in its prospectus that it will allot 10% of the total shares offered to individual subscribers in Saudi Arabia, with a number of 252 million shares.
The par value of a share will be 7 1/2 halalas, which is the lowest par value in the history of Saudi Arabia, and the total number of American shares is 8 billion 423 million shares.
Americana claimed to be the largest player in the $ 56 billion alfresco dining and fast-service restaurant segment in 12 markets in the Middle East and North Africa.
Americana’s profits for international restaurants jumped to 734 million riyals by the end of the first 9 months of 2022, compared to 579 million riyals made in the same period in 2021.
While the group achieved a turnover of 7 billion and 688 million riyals in the last year, with an increase of 8.5%.
