RIYADH: The initial public offering (IPO) of Americana Restaurants International Plc, the Middle Eastern operator of KFC and Pizza Hut outlets, was covered within hours of the company opening its books, continuing the strong demand for regional share sales.
Saudi Arabia’s Public Investment Fund and Dubai businessman Mohamed Alabbar are seeking to raise as much as US$1.8bil (RM8.4bil) from the dual-listing of Americana in Riyadh and Abu Dhabi.
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