Reported about 1 month ago
Arabian Mills for Food Products Co.'s initial public offering (IPO) in Saudi Arabia achieved full subscription within just one hour, raising up to $271 million by selling a 30% stake. The IPO reflects strong investor interest in the Saudi market, with preparations indicating a continued influx of IPO activity through 2024. The offer period runs from September 1 to September 5, with retail subscription following from September 18 to 19.
Source: YAHOO