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 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.
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