“Olayan” plans to re-introduce some of its companies for subscription in Saudi Arabia

“Olayan” plans to re-introduce some of its companies for subscription in Saudi Arabia
“Olayan” plans to re-introduce some of its companies for subscription in Saudi Arabia

Riyadh – Mubasher: Nabil Al-Amoudi, CEO of Olayan Finance, said that it is considering completing an initial public offering for a holding company comprising about 25 units.

The “Olayan” family, which runs one of the largest commercial conglomerates in the Kingdom of Saudi Arabia, according to “Bloomberg” agency, on the sidelines of the Future Investment Initiative forum currently being held in Riyadh, announced its plans to list some of its companies on the stock exchange.

Al-Amoudi explained that the company is also considering putting some of its operating companies on the stock exchange, saying: “We are ready to launch now… the appropriate conditions exist.”

The Olayan family had halted a plan to offer companies on the stock exchange in 2017, amid the slowdown in economic growth in the Kingdom, Bloomberg reported at the time.

The Olayan family worked with Saudi Fransi Capital on the upcoming initial public offering of the holding company, which could be worth up to $5 billion.

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Source

Olayan plans reintroduce companies subscription Saudi Arabia

 
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