Leejam Sports seeks approval for Tadawul IPO: report

10/02/2018 Argaam

 

Leejam Sports Company has applied to the Saudi market regulator to carry out an initial public offering (IPO) on Tadawul, Reuters reported, citing sources familiar with the matter.

 

The investment banking arm of Samba Financial Group and Rothschild had been selected to arrange a share sale that was expected to raise SAR 1 billion ($266.7 million),Reuters reported in May 2017.

 

Back then, reports said the gym operator plans to float a 30 percent stake in an IPO on Tadawul.

 

Investcorp, which acquired a 25 percent stake in the firm in 2013, is expected to be one of the sellers of shares, the sources said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read