HSBC Saudi Arabia has been appointed as the financial adviser and manager of Al-Wataniya Poultry’s initial public offering and listing on the Saudi Stock Exchange, Tadawul.

 

No date was given for the planned IPO.

 

The Qassim-based company produces one million eggs and 575,000 chickens per day. Its processed and fresh products are sold locally and across the Gulf region.

 

The total value of its projects is worth about SAR 6 billion, according to its website. 

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