Buyout Firm Jadwa Sees No IPO Fatigue in Saudi Share Sale - Bloomberg:
"Jadwa Investment Co., the Saudi Arabian private-equity firm with more than $5 billion in assets, said it prefers exiting investments through initial public offerings as investor demand for share sales increases.
“We don’t have any concerns about fatigue or the market slowing down at any time soon,” Chief Executive Officer Tarek Al Sudairy said in a July 6 phone interview from Riyadh, the Saudi capital. “Initial public offerings are a good way to absorb liquidity and protect the market from overheating.”
Saudi Arabian companies raised $760 million through share sales in the six months through June, the most active first half since 2009 when $1.04 billion was raised, according to data compiled by Bloomberg. National Commercial Bank plans to sell shares before the end of the year in what will be the largest IPO in Saudi Arabia for more than 12 years, while energy producer Acwa Power also plans to list on the Tadawul exchange."
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