Saudi retailer BinDawood lists in Tadawul; sees shares jump
- Date: 21-Oct-2020
- Source: Saudi Gazette
- Sector:Retail
- Country:Saudi Arabia
Saudi retailer BinDawood lists in Tadawul; sees shares jump
JEDDAH — BinDawood Holding on Wednesday made a successful listing on the Saudi Stock Exchange (Tadawul) with its shares rising by the 10 percent daily limit to SR105.60 compared with the SR96 ($25.60) at which they were sold.BinDawood, one of the one of the leading grocery retail operators of hypermarkets and supermarkets in the Kingdom of Saudi Arabia, raised SR2.19 billion in the initial public offering that was more than 49 times oversubscribed. The company is now trading under the ticker symbol: SASE:4161.The company floated 22,860,000 existing ordinary shares, representing 20% of its issued
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