Three Saudi businesses announce IPOs
JEDDAH: Three private companies are to go public, offering around nine million shares in the initial public offerings (IPOs), Arab News quoted the Saudi Exchange market, Tadawul, as saying. Among them was the Riyadh-based Advanced International Company, specialising in providing technical and security solutions, offering 400,000 shares. Alwasail Industrial Co also offered 2.5 million shares. … Read more