Reported 2 days ago
Two car rental companies in Saudi Arabia are exploring the option of launching initial public offerings (IPOs) as part of the kingdom's initiative to boost tourism. Cherry Rent-A-Car and Key Car Rental Co. are both in discussions regarding potential listings in Riyadh, aiming to benefit from increased tourist arrivals as the government invests heavily to attract 150 million visitors annually by 2030. This move highlights the growing trend of IPOs in various sectors in Saudi Arabia.
Source: YAHOO