The Capital Market Authority announces the Approval on the Concurrent and Dual KSA and UAE Registration and Initial Public Offering of Americana Restaurants International PLC Company's Shares
Monday, October 31, 2022 at 5:14 PM
The Capital Market Authority ("CMA") Board has issued its resolution dated 06/04/1444H corresponding to 31/10/2022G approving Americana Restaurants International PLC Company's ("the company") application for the Concurrent and Dual KSA and UAE Registration and the offering of (2,527,089,930) shares representing (30%) of the Company's share capital. The Company’s prospectus and prospectus supplement will be published within sufficient time prior to the start of the subscription period.
The prospectus and prospectus supplement include all relevant information that the investor needs to know before making an investment decision, including the Company's financial statements, activities and management.
It is worth noting that this dual offering is the first of its kind in the Saudi Capital Market, and the decision to subscribe to foreign companies may involve high risk that require examining number of regulations and instructions related to Saudi Capital Market and Abu Dhabi Securities Exchange. Therefore, investors should carefully read the prospectus and prospectus supplement, which include detailed information on the company, the offering and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in the offering, taking into consideration the associated risks. If the prospectus and prospectus supplement prove difficult to understand, it is recommended to consult with an authorized financial advisor prior to making any investment decision.
The CMA’s approval on the application should never be considered as a recommendation to subscribe in the offering of any specific company. The CMA's approval on the application merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
The CMA’s approval on the application shall be valid for (6) months from the CMA Board resolution date. The approval shall be deemed cancelled if the offering and listing of the Company's shares are not completed within this period.