Americana Restaurants IPO attracted $105 billion

Americana Restaurants has raised $105 billion from its dual IPOs in the UAE and in Saudi Arabia, 58 times more than the target amount.

Strong demand has led to the share price setting at the high end of the range price at 2.68 riyals per share in Saudi Arabia, equal to 2.62 dirhams per share in the United Arab Emirates.

Read more: From Kharafi to PIF, Americana tripled

According to the offering price, the company is valued at approximately $6 billion.

Americana Restaurants announced that the final details of the listing will be disclosed on Tadawul and Abu Dhabi markets tomorrow, noting that the initial date specified for the listing was December 6.

Read More About: Business News