Americana Restaurants to debut on Tadawul as first dual listing on Dec. 12

Logo of Americana Restaurants International

Shares of Americana Restaurants International will be listed and start trading on the Saudi Exchange (Tadawul) on Dec. 12, as a concurrent and dual listing in Saudi Arabia and UAE, with the symbol 6015 and ISIN Code: AEE01135A222. 

The daily price fluctuation limits will not be applied to the company's shares during the first three days of listing, while the +/- 10% static price fluctuation limits will be applied.   

From the fourth trading day onwards, the daily price fluctuation limits of -/+ 10% will be applied, and the static price fluctuation limits will no longer apply, according to the trading and membership procedures.

In a separate statement, the Securities Depository Center Co. (Edaa) announced the addition of the subscribed securities to shareholders' accounts today, Dec. 8.

The company floated 30%, or 2.527 billion shares, of its capital in a dual IPO on Tadawul and Abu Dhabi Securities Exchange (ADX), according to data available with Argaam.

Orders from retail investor tranche in the UAE and Saudi Arabia exceeded 48.2x and approximately 2.8x, respectively.

The number of shares allocated to UAE and Saudi retail investors reached a minimum of 1,000 and 892,000, respectively.

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