RIYADH: Americana Restaurants International set the price range for its initial public offering at SR2.55 – 2.68 ($0.68-$0.71) per share, as it kicks off the book-building period on Monday.
The IPO for the KFC and Pizza Hut restaurants operator will take place from Nov. 14 to 21 for retail investors in the UAE and Saudi Arabia, while institutional investors can participate from Nov. 14 to 22, according to a bourse filing.
The book-building process will be led by SNB Capital, Goldman Sachs Saudi Arabia, Morgan Stanley Saudi Arabia, and FAB Capital JSC, the filing revealed. READ MORE.
