Saudi Arabian Online Brokerage Lines Up Riyadh Listing
This article is for subscribers only.
Derayah Financial Co. unveiled plans for an initial public offering in Saudi Arabia, kicking off what is expected to be a busy year for listings in the kingdom.
The online brokerage and trading platform plans to list a 20% stake in Riyadh, according to a statement on Thursday. The price range is expected to be announced on Feb. 2, according to terms of the deal seen by Bloomberg News.