DUBAI: The Middle Eastern operator of KFC and Pizza Hut restaurants is set for a landmark dual listing, in which Saudi Arabia’s Public Investment Fund (PIF) and Dubai-based businessman Mohamed Alabbar will sell a 30% stake in the firm.
In the first dual listing of its kind, Americana Restaurants International Plc’s owners will offer 2.53 billion shares in Riyadh and Abu Dhabi, according to a statement yestersday.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
