Americana Restaurants included in MSCI UAE Index

By Arya M Nair, Official Reporter
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Americana in MSCI UAE Index
Image Courtesy; WAM

Americana Restaurants International, the largest out-of-home dining and quick service restaurant operator in the Middle East & North Africa (MENA) and Kazakhstan, has been included in the MSCI UAE Index, an important benchmark for investment decision-making by investors in emerging markets including regional Middle East markets.

The MSCI UAE Index, which is a component of the MSCI EEMEA Index, is designed to measure the performance of large and mid-cap segments of the UAE equity market. Index inclusion typically supports increased liquidity for a company’s shares and can help to attract more regional and global institutional and index-tracking investors, including those with a focus on Emerging Market equities.

As a constituent of the MSCI UAE Index, Americana Restaurants is now also a constituent of all regional and composite MSCI equity indices containing the UAE. These indices include the MSCI Emerging Markets Index, MSCI Emerging Markets Investable Market Index (IMI) and MSCI All Country World Index (ACWI), the provider’s flagship global equity index, designed to represent the performance of the full opportunity set of large- and mid-cap stocks across 23 developed and 24 emerging markets.

Americana Restaurants’ inclusion in these indices follows its historic concurrent dual listing on the Abu Dhabi Securities Exchange (ADX) and the Saudi Exchange (Tadawul), which raised $1.8 billion in gross proceeds. As the region’s first concurrent dual listing, the offering generated significant local and international investor demand, resulting in an aggregate oversubscription level of 58x.

Meeting the necessary market capitalization, free float-adjusted market capitalization and liquidity requirements criteria less than six months after listing is a clear indication of Americana Restaurants’ robust performance and unique value proposition, which has resonated with a global institutional investor base.

Americana Restaurants is pursuing an ambitious long-term growth strategy, built around restaurant portfolio growth, technological innovation and providing an unforgettable dining experience to millions across its 12 countries of operation.

All changes to the MSCI EEMEA Index, of which the MSCI UAE Index is a core component, have been made effective from 1 June 2023.

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