AOIC announces IPO, listing on Saudi Exchange’s Main Market
Abdullah Al Othaim Investment Company (AOIC), a leading mall, entertainment, fashion and F&B operator in KSA, will offer 30 million ordinary shares through an initial public offering (IPO) and list them on Saudi Exchange’s Main Market.
The Capital Market Authority (CMA) has approved on March 2022 the company’s application for the offering, representing 30% of its issued share capital, by way of sale of existing shares by the company’s current shareholders, Abdullah Al Othaim Markets Co and Abdullah Saleh Al Othaim (Current Shareholders or Selling Shareholders).
The final offer price of the offer will be determined at the end of the book-building period.
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