The Saudi Bin Dawood Holding Company decided to postpone the initial public offering to next September, after it was planning it in the second quarter of this year.
According to Arabiya Net, the Capital Market Authority had approved the company’s request last June to offer 20% of its shares in the Saudi market.
Last year, Bin Dawood appointed Goldman Sachs and GB Morgan, as well as GIB Capital, to arrange the deal.
Moelis Co has also appointed a financial advisor for the offering.
(Fun Knowledge of Knowledge)
