Press releases, Reports & Disclosures for Americana Restaurants International PLC

Americana Restaurants International PLC, located in Abu Dhabi, UAE, has scheduled a Board of Directors meeting for 12:30 pm (UAE local time) on Thursday, June 27, 2024. The meeting agenda includes a performance update for the year-to-date period ending May 2024 and other business updates. The company will disclose the decisions made at the meeting immediately afterward, in compliance with disclosure and transparency regulations. The notification was signed by Saqib Muhammad Sabir Awan, Secretary of the Board, and a copy was sent to the Securities and Commodities Authority.

The text presents the condensed consolidated interim financial statements and an independent auditor's review report for Americana Restaurants International PLC for the three-month period ending on 31 March 2024.

The text presents the condensed consolidated interim financial statements of Americana Restaurants International PLC, along with an independent auditor's review report, for the three-month period ending on 31 March 2024.

Americana Restaurants International PLC reported its Q1 2024 financial results, showing revenues of $493.5 million and an adjusted EBITDA of $103.3 million. The company's revenue decreased by 16.3% year-on-year, mainly due to geopolitical tensions and the seasonal effect of Ramadan. Despite this, the company maintained a healthy EBITDA margin of 20.9% and a net income of $28.0 million. The company also reported a solid cash position of $159.9 million. During Q1 2024, Americana Restaurants opened 37 new stores and had 37 more under construction. At the Annual General Meeting, shareholders approved the distribution of total dividends amounting to $179.4 million.

On May 6, 2024, the Board of Directors of Americana Restaurants International PLC, based on the recommendation of the Company’s Audit Committee, adopted the Company’s consolidated financial statements for the three-month period ended on March 31, 2024. This decision was communicated by the Secretary of the Board, Saqib Muhammad Sabir Awan, to the Chief Executive Officer of the Abu Dhabi Securities Exchange. A copy of the resolution was also sent to the Securities and Commodities Authority.

The Annual General Assembly of Americana Restaurants International PLC, a public company incorporated under the laws of Abu Dhabi Global Market, took place on 24 April 2024. The meeting was held both remotely and in-person at the Address Sky View Hotel, Dubai, UAE. Shareholders representing 76.64% of the company's share capital registered for the AGM. The meeting was chaired by the Chairman of the Board of Directors, Mr. Mohamed Ali Rashed Alabbar. Mr. Saqib Awan was appointed as the meeting rapporteur and Abu Dhabi Commercial Bank was the vote collector. The rapporteur confirmed the attendance rate and the validity of the AGM, stating that all decisions taken are binding on all shareholders, whether present or not.

The General Assembly Meeting of Americana Restaurants International PLC took place on April 24, 2024, from 4 PM to 4:50 PM at the Address Sky View Hotel in Dubai, UAE, and virtually. The Board of Directors present included Chairman Mr. Mohamed Ali Rashed Alabbar, Vice Chairman Dr. Abdulmalik Abdullah Al-Hogail, and Board Members Mr. Arif Abdulla Albastaki, Mr. Graham Denis Allan, Mr. Kesri Singh, Mr. Raid Abdullah Ismail, and Ms. Tracy Ann Gehlan.

Americana Restaurants International PLC, based in Abu Dhabi, UAE, has announced that its Annual General Assembly (AGM) will take place on Wednesday, 24th April 2024 at 4:00 pm (UAE local time). The meeting will be held both remotely/electronically and in-person. The AGM invitation will be published in two daily newspapers in English and Arabic on Wednesday, 3rd April 2024. The AGM invitation and disclosure regarding AGM proxies are attached with the announcement.

Americana Restaurants International PLC held a Board of Directors meeting on 25 March 2024. During the meeting, they approved the annual integrated report of the Board's activities for the fiscal year ending on 31 December 2023, to be presented to the Annual General Assembly. They also recommended the appointment of statutory auditors for the second, third, and fourth quarters of the fiscal year ending on 31 December 2024, and the first quarter of 2025, with their remuneration determined. The Board also called for the Annual General Assembly for the fiscal year ending on 31 December 2023 and approved its agenda. The date and venue of the Annual General Assembly will be announced in local newspapers.

The text refers to the 2023 annual report of Americana Restaurants International PLC. The report focuses on enhancing customer experiences and driving business growth.