PIF-Backed Driller Set for Riyadh’s Biggest IPO This Year

  • Ades IPO could raise about $1 billion, Bloomberg has reporter
  • Final offer price set on Sept. 18 after book-building process
Saudi Arabia’s Ades to List as Riyadh’s Biggest 2023 IPO
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Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year.