HSBC Saudi unit to manage Ataa Educational's IPO on Tadawul

Riyadh – Saudi Arabia-based Ataa Educational Company has announced hiring HSBC Saudi Arabia as a financial advisor, underwriter, and book runner for the planned initial public offering (IPO) on the Saudi Stock Exchange (Tadawul).

Ataa is one of the largest educational firms in the Kingdom and it is managing 12 educational complexes in Riyadh.

Over the last period, Ataa acquired seven schools since 2013.

The number of students in the company’s schools exceeds 26,000 and it provides job opportunities for about 3,700 employees.