Reported 1 day ago
Riyad Capital, the investment banking arm of Riyad Bank, is reportedly exploring an initial public offering (IPO) with assistance from JPMorgan, potentially valued at $2.5 billion by mid-2025. Discussions about the IPO details are ongoing, with no final decisions made yet. Riyad Bank, Saudi Arabia's third-largest lender, had indicated interest in an IPO for its investment banking division last year, as the country moves forward with various financial offerings to support its economic diversification initiatives.
Source: YAHOO