Several Saudi firms to follow Aramco and list on Riyadh exchange

In the wake of oil giant Aramco's record IPO more Saudi Arabian companies are planning to list shares on the Riyadh exchange in the coming months, according to Reuters. The Sulaiman al-Habib Medical Group, one of the Middle East's biggest hospital operators, is among the first companies to seek a Riyadh listing after Aramco, having delayed the deal due to the state oil company's IPO. It plans to raise around $500m and will launch the offering on Feb. 5, sources close to the deal told Reuters. Saudi retailer BinDawood Group is expected to go public around the end of the first quarte...