Americana repurchases 1.25 million shares listed on the Abu Dhabi Securities Exchange

Americana Restaurants International PLC (a foreign company) announced the details of its first share buyback, indicating that the number of shares purchased is 1.2 million shares at an average of AED 2.685 per share, which will be allocated to employees eligible for the conditions stipulated in the plan according to the long-term incentives.

According to the statement published on “Tadawul”, the number of remaining shares to be purchased is 23.7 million shares.

This comes in addition to the company’s announcement on July 31, 2024, regarding the approval of the Abu Dhabi Securities Exchange for the share buyback program on May 9, 2024.