Olayan Financing mulls IPO of some operating affiliates: CEO

29/10/2021 Argaam

Logo of Olayan Financing Co.

Olayan Financing Co. is considering an initial public offering (IPO) for almost 25 million units, Chief Executive Officer (CEO) Nabeel Al-Amudi told Bloomberg.

 

The company is also studying an IPO for some of its operating firms in the market.

 

“We are ready to roll…Now the infrastructure is there,” Al-Amudi said, pointing to the successful offerings witnessed by the Saudi market.

 

In November 2017, Bloomberg reported that Olayan Financing decided not to push ahead with the offering plans in the Saudi market.

 

Olayan Financing operates various firms in the Middle East, including Coca-Cola Bottling Company of Saudi Arabia, the regional Burger King Franchise, Gulf Union Foods Co., Arabian Paper Products Co., and Olayan Real Estate Co. Ltd. 

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