Saudi Tadawul on IPO path, one among many mega listings on the exchange in 2021 – AMEinfo
- Date: 02-Apr-2021
- Source: AMEinfo
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi Tadawul on IPO path, one among many mega listings on the exchange in 2021 – AMEinfo
Saudi Arabia's bourse, Tadawul, has invited banks to pitch for roles in its highly-anticipated flotation, sources told Reuters recently.
With a market capitalization of $2.5 trillion, Tadawul is the Arab world's largest stock exchange.
Tadawul hired HSBC in 2016 to manage an initial public offering (IPO) initially planned for 2018 but put that on hold due to oil giant Saudi Aramco's record $29.4 billion listing at the end of 2019.
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