Stores required a CapEx of $167.9 million, 7% of revenue; Adjusted EBITDA margin at 22.8%
KFC
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Abu Dhabi
Americana reports strong revenue growth, increased profit in 2023
The company achieved a revenue of $1,897 million during this period, representing a growth of 7.1 percent compared to the same period in 2022
football fans
KFC Arabia launches limited-edition headset for gaming, football fans
KFC consumers can also get their hands on these limited-edition headsets
Abu Dhabi Securities Exchange
KFC operator Americana opens IPO, shares priced at AED2.50 to 2.62
The final offer price will be determined through a book-building process and is expected to be announced on November 23
Abu Dhabi Securities Exchange
Middle East IPO market booms, outpacing Europe: Everything you need to know about the region’s latest mega listings
Here’s an overview of how the biggest IPOs in the Middle East have performed this year, along with insights on upcoming major developments
Americana Group
$8 billion IPO for KFC and Pizza Hut operator across Middle East and North Africa hots up
New York-based Morgan Stanley is to work on the initial public offering of Americana, which counts Dubai’s Mohamed Alabbar and Saudi’s Public Investment Fund among its backers.
Adeptio
PIF and Mohamed Alabbar-owned operator of KFC, Pizza Hut in MENA region considers potential IPO: report
The Americana Group IPO could raise approximately $1 billion, the report stated. The firm was valued at approximately $3.5 billion when it was taken private in 2017
2019 Brand Intimacy Report
Revealed: the most-loved UAE fast food brands
Baskin Robbins has been voted the top fast food company for brand intimacy in the UAE
Americana
Hungry for more: KFC’s Sabir Sami
Sabir Sami, KFC’s managing director for MENA, Pakistan, Turkey and Asia, explains why growth of the brand in the region will not come at any cost
Fast Food Restaurant
KFC food should be enjoyed in moderation, says MENA MD
Fast food giant Kentucky Fried Chicken reveals it will never market products to children
Americana
KFC to launch order tracking app in Middle East
Regional Kentucky Fried Chicken MD Sabir Sami does not see technology replacing traditional dine-in experience
Americana
KFC looking to expand in Middle East with up to 70 new stores
The famous Colonel Sanders brand is eyeing growth opportunities in Saudi Arabia, Egypt, Kuwait and UAE