Tadawul invites banks to pitch for roles in its upcoming IPO: report

31/03/2021 Argaam

Logo of the Saudi Stock Exchange

The Saudi Stock Exchange (Tadawul) invited banks to pitch for roles in its initial public offering (IPO), Reuters reported, citing three sources.

 

A request for proposals (RFP) was sent to a number of international and local banks to determine their roles for the bourse’s upcoming share offering, the sources noted.

 

In January, Tadawul CEO Khaled Al-Hussan said floatation plans will be announced in 2021 and the listing could take place within two years.

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