SNB Capital announces covering Americana subscription 58 times, and setting final offering price at SR2.68

SNB Capital in its capacity as the Lead Manager, Financial Advisor, Global Coordinator, Book runner, and Underwriter, Goldman Sachs Saudi Arabia, Morgan Stanley Saudi Arabia, and FAB Capital JSC in their capacity as Financial Advisors, Book runners, Global Coordinators, and Underwriters on the potential initial public offering of Americana Restaurants International PLC (“Americana Restaurants” or the “Company”) announced on Sunday the successful conclusion of the concurrent book building and the subscription period for its initial public offering.
The final offer price for the Company’s IPO has been set at SR2.68 per share (equivalent to AED 2.62 per share).
The total offering size is SR6.77 billion (equivalent to AED 6.62 billion), with an implied market capitalization for the Company of SR22.58 billion (equivalent to AED22.07 billion).
The concurrent book-building process generated orders of approximately SR394 billion (equivalent to AED386 billion) in aggregate from institutional and retail investors, representing an approximate oversubscription level of 58x of the Offering.