After strong Q1-23, Americana Eating places has its eyes set on Saudi enlargement

Americana, the fast-food chain with a market worth of Dh32 billion, set a milestone by turning into the primary firm to be dual-listed within the UAE and Saudi Arabia. It has delivered a 28 per cent improve within the inventory worth year-to-date.

Via its 50 years of operations, Americana Eating places has managed eating places and retailers below the KFC, Pizza Hut, Hardee’s, Krispy Kreme, and TGI Fridays, in addition to its personal Rooster Tikka all through the MENA space and Kazakhstan. The corporate raised $1.8 billion via its public providing in November, and there was such a powerful response that the inventory was oversubscribed 58 instances. After elevating its international presence as a listed firm, Americana is on target to realize its imaginative and prescient as one of many worthwhile, growth-oriented and diversified F&B operators.