Ataa Educational appoints HSBC as financial advisor

22/05/2018 Argaam

 

Ataa Educational Co. has appointed HSBC Saudi Arabia as financial advisor, lead underwriter and book runner for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul), the firm said in a statement on Tuesday.

 

HSBC Saudi Arabia was selected for its international and local expertise in IPOs and M&A transactions, Ibrahim Abdulkarim Al-Turki, chief executive office of Ataa Educational, said.

 

The ISO 9001 certified educational firm has been operating schools in Riyadh since 1989. Currently running 12 educational campuses, the firm also holds the AdvancedED academic accreditation.

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