• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Capital Markets

Several Saudi firms to follow Aramco and list on Riyadh exchange

Several Saudi firms to follow Aramco and list on Riyadh exchange
  • Pedro Gonçalves
  • @PeterHSG
  • 05 February 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

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.

Related articles

  • Saudi Aramco shares soar in trading debut
  • Saudi Aramco to raise $25.6bn in biggest IPO ever
  • Saudi Aramco attracts $38bn in orders from institutional investors
  • Saudi Aramco short of $2trn valuation in new IPO range

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 quarter of this year or early in the second quarter, the same two sources said. It aims to raise 1.5 billion Saudi riyal ($400m),

The group, which owns the Danube and BinDawood supermarket brands, has hired Goldman Sachs, JP Morgan Chase, NCB Capital and GIB to organize the deal, the sources said, with Moelis & Co as a financial adviser.

Supreme Foods, which produces processed and cooked meat in three factories, plans to list in the second quarter and raise 300 to 400 million riyals.

State-owned oil company Saudi Aramco initially raised a $25.6bn on the , which was itself a record level, in its December IPO by selling 3 billion shares at 32 riyals ($8.53) a share in the Tadawul. Since then, it has exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its IPO to a record breaking $29.4bn.

 

Subscribe to International Investment's free, twice-daily, newsletter

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Capital Markets
  • Saudi Aramco
  • Riyadh
  • Middle East
  • Saudi Arabia
  • Tadawul

More on Capital Markets

FCA warns young investors not to take on too much risk

  • Capital Markets
  • 23 March 2021
Comment: The GameStop saga raises far-reaching questions for the stock market

  • Comment
  • 04 March 2021
Thai stock exchange and CISI roll out education partnership

  • Capital Markets
  • 24 February 2021
Carey Olsen advises Cordiant Digital Infrastructure on LSE fund listing

  • Funds
  • 19 February 2021
Comment: Hong Kong's stock market starts year with a bang

  • Comment
  • 27 January 2021
Back to Top
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading