Monday, 21 January 2019

#Saudi Alhokair's mall unit files for IPO, offering in Q2 -sources | ZAWYA MENA Edition

Saudi Alhokair's mall unit files for IPO, offering in Q2 -sources | ZAWYA MENA Edition:

Saudi Arabia's Fawaz Alhokair Group plans to offer shares in its shopping malls business in Riyadh in the second quarter of this year, sources told Reuters on Monday.

Arabian Centres Company, which has applied for an IPO with the Capital Market Authority, is eyeing a listing between April and June, said four sources who declined to be named due to commercial sensitivities.

Arabian Centres did not respond to requests for comment.

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