Cherry Rent-A-Car, Key Car Rental study IPOs in Saudi market: Report

20/02/2025 Argaam
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Cherry Rent-A-Car Co., and Key Car Rental Co. are considering new share sales in the Saudi market, Bloomberg reported.


Cherry Rent-A-Car is working with EFG Hermes and BSF Capital on a potential initial public offering (IPO).

 

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No final decisions have been made on timing, size or valuation on either deal.


A spokesperson for Cherry said the firm hasn’t yet received regulatory approval for the share sale.

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