Informed sources said that American appointed Goldman Sachs, First Abu Dhabi Bank (FAB) and SNB Capital to manage its initial public offering (IPO).
American is expected to raise about USD 1 billion from the offering.
Americana Group operates a number of restaurant chains in the Middle East, including KFC, Pizza Hut, Baskin Robbins and Costa Coffee.
The IPO of the group affiliated with Adeptio, owned equally between Emirati businessman Mohammed Al-Abbar and the Saudi Public Investment Fund, may raise USD 1 billion, according to sources, and the listing will be either in Saudi Arabia or the UAE, or it may be a dual listing.