(Bloomberg) -- Arabian Mills for Food Products Co.’s initial public offering in Saudi Arabia was fully covered within an hour of books opening, the latest...
-- Arabian Mills for Food Products Co.’s initial public offering in Saudi Arabia was fully covered within an hour of books opening, the latest sign investor appetite remains rife and will support a further burst of activity in the kingdom’s IPO market in the final months of the year. .As Rural Hospitals Shutter Maternity Wards, Urban Ones Follow
Details on Arabian Mills’ IPO plans and orders come just a week after Saudi perfume maker Al Majed for Oud Co. announced its own pricing for an offering that was also sold out almost immediately. The activity suggests Saudi Arabia’s equity capital markets may stay brisk through 2024 after a busy first half that included a $12 billion secondary offering from oil behemoth Saudi Aramco.
Arabian Mills hired HSBC Saudi Arabia as its sole financial adviser, global coordinator, book-runner, underwriter and lead manager. Al Rajhi Bank, Saudi Awwal Bank and Banque Saudi Fransi are receiving agents, according to Sunday’s statement.China's state-owned banks face thinner margins amid Beijing's call to support economy
Rescuers have located a helicopter that went missing in Russia’s far east with 22 people on board, officials said Sunday.Commons leader Lucy Powell said there could have been "a run on the pound" if the government had not reduced spending.
Arabian Mills Bloomberg Saudi Aramco Initial Public Offering Food Products IPO Plans
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