Saudi Arabia’s BinDawood Holding sets IPO price range

Saudi Arabia’s BinDawood Holding sets IPO price range

Saudi Arabia's BinDawood Holding sets IPO price range

Saudi Arabia's BinDawood Holding sets IPO price range

Saudi Arabia's BinDawood Holding sets IPO price range

BinDawood's IPO marks another major listing for Saudi Arabia's bourse, the Tadawul. (AFP)

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Saudi Arabia's BinDawood Holding sets IPO price range

Company plans to offer 22.86 million existing shares at an indicative pricing of between $22.44 and $25.64

BinDawood owns the Danube and BinDawood supermarket brands

Updated 13 September 2020

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DUBAI: Saudi Arabian supermarket retailer BinDawood Holding set an indicative price for its initial public offering, seeking to raise as much as $585 million (2.19 billion Saudi riyals) in a Riyadh listing.

The company plans to offer 22.86 million existing shares at an indicative pricing of between $22.44 and $25.64 (84 riyals to 96 riyals) per share in the planned IPO, according to