United International Holding plans to go public on Tadawul

10:07 AM (Mecca time) Argaam
United International Holding Co., the parent of United Company for Financial Services (Tas’heel) and Procco Financial Services (Procco), announced intention to proceed with an initial public offering (IPO) to list shares on the Main Market. 
 
On  June 26, 2024, the Capital Market Authority (CMA) approved the company’s application toregister its share capital and offer 7.5 ordinary shares, or 30% of the company’s issued share capital.  
 
The Offering proceeds after deducting IPO-related expenses will be distributed to United Electronics Co. (“eXtra”), the selling shareholder in proportion to the number of offered shares.

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