Saudi Stock Exchange to Name IPO Advisers Within Days, CEO Says - Bloomberg

Saudi Stock Exchange to Name IPO Advisers Within Days, CEO Says - Bloomberg:

"Saudi Arabia’s stock exchange is poised to appoint banks to manage its initial public offering and will make an announcement within a few days, its chief executive officer said.
The Tadawul Stock Exchange has carried out an “IPO-readiness exercise,” and consulted foreign investors about ways to structure the Saudi market to make it more accessible to them, Khalid Abdullah Al Hussan said in an interview on Tuesday at the Euromoney conference in Riyadh.
“In the next few days, we will appoint the financial advisers and we will publicly announce that immediately,” Al Hussan said. “We have been working very closely with market participants and potential foreign investors to identify what are the required changes to activate the platform.”"



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