Deals
Saudi Grocer Prepares First Mideast IPO Since Virus
- BinDawood Holding plans to open the deal by the end of July
- Deal would be first since Dr Sulaiman Al Habib’s offering
An advertisement shows members of the Saudi Arabian Royal family beside the logo of Danube supermarkets in Dhahran.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
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Saudi Arabia’s BinDawood Holding is pushing ahead with the initial public offering of its supermarket business, in what would be the first Middle Eastern share sale since the coronavirus pandemic prompted governments to shut down economies.