Saturday 20 April 2019

#Saudi Recruiter Said to Plan Share Sale as Early as Next Week - Bloomberg

Saudi Recruiter Said to Plan Share Sale as Early as Next Week - Bloomberg:

Saudi Arabia’s Maharah Human Resources is seeking to raise more than $200 million in an initial public offering that’s likely to start next week, according to people familiar with the matter.

Maharah plans to offer 30 percent of its existing share capital to investors through a listing on the kingdom’s stock exchange, the people said, asking not to be identified because the matter is private. The offering will be open to both institutional and retail investors, the people said.

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