BinDawood Shareholder Looks to Exit Saudi Arabian Supermarket Chain - Bloomberg
Commercial Growth Development Company plans to sell 64 million shares in BinDawood Holding Co., exiting its stake in the Saudi Arabian supermarket group, according to a document seen by Bloomberg News.
The stock on sale represents a roughly 5.6% stake in the Riyadh-listed group.
Goldman Sachs Saudi Arabia and SNB Capital Company are handling the overnight sale.
Riyadh has seen more than $13 billion worth of stock sales out of listed companies this year so far, the bulk of which came from a large equity offering out of Saudi Arabian Oil Co, according to data compiled by Bloomberg.
BinDawood listed on the kingdom’s Tadawul bourse in 2020.
No comments:
Post a Comment