Taps open for Saudi listings after Aramco’s record IPO – ZAWYA

Taps open for Saudi listings after Aramco’s record IPO – ZAWYA

A Saudi trader monitors stocks at the Saudi stock market in Riyadh, Saudi Arabia, January 8, 2020.. But the Tadawul's average turnover over the past month, excluding Aramco, has stayed above the average turnover for 2019.. The company has hired Saudi Fransi Capital to manage the deal, they added.. Last year the market saw only three deals, excluding Aramco, versus five in 2018, although proceeds in 2019 were higher because of Arabian Centres' $660 million IPO, according to Refinitiv data.. Yasin, of Al Dhabi Capital, said that was an advantage for companies entering the Saudi market this year..