Saudi Bourse Tadawul Ends IPO Wait, Plans to List 30% Stake
Stock price movements sit on a digital display board in the media briefing room at the Saudi Stock Exchange, also known as Tadawul, in Riyadh.
Photographer: Mohammed Almuaalemi/BloombergThis article is for subscribers only.
Saudi Arabia’s bourse Tadawul won approval for its long-awaited initial public offering in what could be one of the biggest in the exchange sector since Euronext NV’s $1.2 billion listing.
The kingdom’s markets regulator has signed off on the exchange’s offering of 36 million of shares, according to a statement on Wednesday. The planned issue represents 30% of the share capital of Saudi Tadawul Group Holding.