Saudi School Operator Hires Advisers for IPO Amid Flurry of Demand

Learning Arabic language concept. Young woman standing with the Saudi Arabia flag in the background. Teacher holding books, orange blank book cover.Photographer: sezer ozger/iStockphoto

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By Dana Khraiche

October 15, 2020 at 12:31 PM UTC

This article is for subscribers only.

Saudi Arabia’s Al-Motaqadimah Schools Co. hired GIB Capital and Adeem Capital as financial advisers to prepare for an initial public offering, joining a flurry of IPOs in the kingdom.

The IPO will allow the education provider to expand its operations, according to a statement. Al-Motaqadimah operates 21 schools across the kingdom.