The price range for the subscription of Americana International Restaurants Company PLC has been set between 2.55 - 2.68 SAR per share (equivalent to 2.50 - 2.62 AED per share).
According to Arab Net, Al-Ahly Capital, in its capacity as the subscription manager, financial advisor and underwriter, announced the start of the book building process for the participating categories segment, and the start of the offering process for the individuals segment.
The subscription is managed by Goldman Sachs Saudi Arabia, Morgan Stanley Saudi Arabia and Fab Capital, in their capacity as financial advisors, bookrunners, international coordinators and underwriters.
NCB Capital clarified that participation in order book building is limited to categories qualified to participate in the order book building process in accordance with the instructions for book building and allocating shares in initial subscriptions issued by the Board of the Capital Market Authority.
She added that the final offering price for each of the offering shares will be determined after the completion of the book-building process and after consultation between the financial advisors, the selling shareholder and the company, noting that the price in the UAE will be determined in UAE dirhams and in Saudi Arabia in Saudi riyals, through the price range of the offering. .
On October 31, 2022, the Capital Market Authority approved the request for a dual and simultaneous initial public offering in Saudi Arabia and the UAE, submitted by Americana International Restaurants.
The dual offering was approved by registering the company's shares and offering 2527.1 million shares, representing 30% of its total shares.
The process of building the order book for the institutions segment starts from today, November 14, 2022 and ends at 11 am on November 22, 2022.
The subscription period for the individual tranche of subscribers begins on November 14, 2022, and ends at 12 pm on November 21, 2022.
