PIF-owned Americana Group in early talks for potential dual listing of $1bn: Bloomberg

RIYADH: Americana Group, operator of a number of restaurants across the Middle East and North Africa, is in talks for a potential listing, Bloomberg reported citing unnamed sources.

Partly owned by Saudi Public Investment Fund, the group is reportedly having early discussions regarding advisers for the offering that could raise $1 billion.

After delisting from the Kuwait stock exchange back in 2017, the company could go for a dual listing in the UAE and Saudi Arabia, Bloomberg added.

PIF declined to comment to Bloomberg on the news.

Americana operates fast-food chains for brands including KFC, Baskin Robbins, Pizza Hut, Costa Coffee, and TGI Fridays.