RIYADH: Americana Group, operator of KFC and Pizza Hut restaurants in the Mideast and North Africa, has selected a group of banks in preparation for a dual listing in Riyadh and Abu Dhabi.
Goldman Sachs Group Inc., SNB Capital, Rothschild, and First Abu Dhabi Bank PJSC are among the banks hired to manage the potential offering, Bloomberg reported citing unnamed sources.
Partly owned by Saudi Public Investment Fund, the group could raise $1 billion in an initial public offering that could take place this year, the sources said.
They added that Americana is seeking a valuation of up to $8 billion, without disclosing details on the size and timing of the offering.
Representatives from FAB, Rothschild, and Goldman Sachs declined to comment to Bloomberg on the news.Â
