Saudi Arabia's BinDawood sets IPO price range, aims to raise up to 2.2b riyals
Dubai
SAUDI Arabian supermarket retailer BinDawood Holding set an indicative price for its initial public offering (IPO), seeking to raise as much as 2.19 billion riyals (S$799 million) in a Riyadh listing.
The company plans to offer 22.86 million existing shares at an indicative pricing of between 84 riyals and 96 riyals per share in the planned IPO, a regulatory filing on Sunday showed. It will sell 20 per cent of the company through the sale of existing shares.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
JPMorgan sees gain of about US$8 billion from Visa exchange offer
BlackRock cuts jobs in muni business under new leadership
ANZ announces A$2 billion buyback despite lower cash earnings
Grayscale Bitcoin Trust sees first inflows since US ETFs were approved
Goldman Sachs rings in 25 years of public life with stock at record
Citi shifts working hours, enhances platform ahead of settlement cycle change