Saudi Arabia’s Bindawood postpones IPO to September -sources – ZAWYA

Saudi Arabia’s Bindawood postpones IPO to September -sources – ZAWYA

Saudi Arabia's Bindawood postpones IPO to September -sources | ZAWYA MENA Edition HomeMarketsEquitiesArticleSaudi Arabia's Bindawood postpones IPO to September -sources Bindawood, which controls supermarket chains under its own brand and Danube in the kingdom, was preparing for a public share sale in the second quarter    A Saudi man looks at the computer showing stock prices at ANB Bank in Riyadh, Saudi Arabia September 16, 2019. DUBAI  - Saudi Arabian supermarket retailer Bindawood Holding has postponed its planned initial public offering (IPO) to September, two sources with knowledge of the matter told Reuters.Bindawood, which controls supermarket chains under its own brand and Danube in the kingdom, was preparing for a public share sale in the second quarter.However, the IPO market worldwide has been hit by the economic disruption caused by the COVID-19 pandemic. The market in the Gulf tends to cool in the summer anyway, before picking up again in September.Bindawood, which controls supermarket chains under its own brand and Danube in the kingdom, was preparing for a public share sale in the second quarter.DUBAI  - Saudi Arabian supermarket retailer Bindawood Holding has postponed its planned initial public offering (IPO) to September, two sources with knowledge of the matter told