Saudi Arabia’s BinDawood Holding sets IPO price range
- Date: 13-Sep-2020
- Source: Arab News
- Sector:Financial Markets
- Country:Saudi Arabia
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)
Short Url
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
Follow @arabnews
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