Abdullah Al Othaim Investment Co delays IPO roadshow

Reuters Images/Faisal Al Nasser

The rescheduling is in the interest of selecting the best suitable window to offer and list the company's shares, the company said

Staff Writer, TradeArabia

May 27, 2022

PHOTO

Saudi Arabia-based Abdullah Al-Othaim Investment Company (AOIC) has decided to reschedule the roadshow and book building process for the company's planned Initial Public Offering (IPO).

The IPO roadshow was originally planned to commence on May 26.

The rescheduling is in the interest of selecting the best suitable window to offer and list the company's shares, the company said in a statement.

Further updates regarding the timeline for the listing process will be announced in due course. In the meantime, the company will continue to work on implementing its strategic expansion plan, seizing new investment opportunities to grow the business, it added.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.