Saudi Global Ports considers IPO on Tadawul: Report

19/02/2024 Argaam
Tadawul trading screen

Tadawul trading screen 

Saudi Global Ports Co. (SGPC) is reportedly considering an initial public offering (IPO) on the Saudi Exchange (Tadawul), Bloomberg reported, citing sources.

 

For More IPOs

 

The company is planning to go public later in 2024 or early next year.

 

SGPC is a joint venture between the Public Investment Fund (PIF), Singapore’s PSA International Pte, and Al Balagaa Group. It was established in 2012 and commenced operations on April 23, 2015, Argaam earlier reported.

 

The company operates the first and second container terminals at King Abdulaziz Port in Dammam.

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