Informed sources revealed that Arabian Oud Perfume Trading Company has appointed two investment banks to manage the planned initial public offering of its shares in the Kingdom of Saudi Arabia.
The sources added that the company has chosen both Emirates NBD Capital and Al Ahli Financial to manage the potential share sale process.
The sources pointed out that the details related to the offering date and evaluation are still under discussion and subject to change.
Arabian Oud, founded in 1982 by Sheikh Abdulaziz Al Jasser, has 1,200 stores in 37 countries and calls itself the world’s largest supplier of oriental perfumes, according to its website.
