Stay updated with breaking news from Riyad Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The banks on the deal will take institutional orders through Thursday and will price the shares the following day, with trading expected to start next Sunday on Riyadh's Saudi Exchange.
Saudi Arabia's government on Thursday filed papers to sell a new stake in state oil giant Aramco that could raise as much as $13.1 billion, a landmark deal..
The value of Saudi Aramco share sale could rise to $13.1bn at the top end under a so-called greenshoe option.
Saudi Arabia's
Rawabi Holding Company has concluded its largest ever Saudi Riyal-denominated Sukuk issuance for SAR 1.2 billion ($320 million), further cementing its position as a dominant catalyst in Saudi financial markets.