The CEO pointed out that providing financing to clients depends on the credit capability of each client after assessment, affirming that banks have enough capacity and liquidity to finance the IPO.
“It is very difficult to determine any percentages with the lack of some information concerning the size and timing of the offering. Deposits will certainly see pressure due to the IPO,” Al Sadhan commented.
Last week, Yasir Al Rumayyan, CEO of Saudi Aramco, said that the IPO will be announced “very soon”.
On Saturday, the state-run company announced delaying the planned IPO until posting its financial results for the third quarter of 2019.
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