Saudi Grocer Prepares First Mideast IPO Since Virus

Saudi Grocer Prepares First Mideast IPO Since Virus

BinDawood Holding plans to open the deal by the end of July. Saudi Arabia's BinDawood Holding is pushing ahead with the initial public offering of its supermarket business, in what would be the first Middle Eastern share sale since the coronavirus pandemic prompted governments to shut down economies.. Moelis & Co. was working as financial adviser, the people said at the time.. The company now plans to tap mainly local investors for the share sale through a so-called Regulation S offering, following other recent IPOs in the kingdom such as Saudi Aramco and Dr. Sulaiman Al Habib Medical Services..