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Middle East KFC Operator Picks Banks for Dual Listing

  • Americana taps FAB, Goldman Sachs, SNB Capital for $1B IPO
  • Co. said to plan a rare dual listing in Abu Dhabi and Riyadh
KFC Fast Food Restaurants Close After They Run Out Of Chicken

Photographer: Matt Cardy/Getty Images

The operator of KFC and Pizza Hut restaurants across the Middle East and North Africa has tapped banks to prepare for a dual listing in Riyadh and Abu Dhabi that could raise about $1 billion, according to people familiar with the matter. 

Americana Group, backed by Saudi Arabia’s Public Investment Fund and an investment vehicle led by Dubai-based businessman Mohamed Alabbar, has picked First Abu Dhabi Bank PJSC, Goldman Sachs Group Inc. and SNB Capital to work on an initial public offering that could take place as soon as this year, the people said.