PIF-backed KFC and Pizza Hut operator picks banks for Riyadh-Abu Dhabi dual listing: Bloomberg

Partly owned by Saudi Public Investment Fund, the group could raise $1 billion in an initial public offering. (Shutterstock)
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Updated 27 April 2022
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PIF-backed KFC and Pizza Hut operator picks banks for Riyadh-Abu Dhabi dual listing: Bloomberg

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. 


DP World announces new leadership appointments

Updated 13 February 2026
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.