ASAR – Al Ruwayeh & Partners advises on the first of its kind dual listing of Americana Restaurants International in Saudi Arabia and the UAE

ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading and most prominent corporate law firm, and one of the region’s top tier firms, is pleased to have acted as Kuwait law counsel to the Americana Group in the dual listing of Americana Restaurants International Plc on the Saudi Stock Exchange (Tadawul) and the Abu Dhabi Securities Exchange (ADX). The transaction has established several firsts including providing the first company to execute a concurrent offering and dual listing on the Tadawul and the ADX.

Americana Restaurants operates iconic global brands such as KFC and Pizza and is the largest restaurants operator in the MENA region and Kazakhstan in terms of number of restaurants in its countries of operation.

ASAR’s team was led by senior partner Sam Habbas and corporate partner, Ezekiel Tuma assisted by senior associate, Brenda Ntambirweki and associate, Mustafa Sayed.

Sam Habbas, noted that: “We are pleased to have advised on this landmark transaction from the Americana Group which has established numerous firsts including delivering the first ever concurrent offering and dual listing on the Tadawul and the ADX. We trust that many other businesses will apply the precedents set by this transaction to their own listing plans, which will not only be of assistance to these businesses but also drive further development of capital markets in the region. We are proud to have been part of this pioneering transaction which demonstrates ASAR’s commitment towards excellence and raising the bar when it comes to assisting our clients to achieve their business and strategic objectives.”