Riyadh: Saudi Tadawul Group announces that it has appointed NCB Capital, JP Morgan, and Citigroup as Financial Advisors and Global Coordinators for its IPO planned this year.
Earlier this month, Saudi Tadawul Group confirmed that it is considering an IPO on Saudi Exchange’s Main Market. The IPO announcement was made during a press conference to announce the transformation of the Saudi Stock Exchange Company (Tadawul) into a holding group structure.
The IPO will provide an important strategic dimension to realize the Group’s expansion plans, strengthen its position globally, and align its growth objectives with the Public Investment Fund’s strategy to boost the economic transformation of Saudi Arabia.
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