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Alkhabeer Capital plans IPO by early 2014
- Saudi Arabia: Saturday, December 08 - 2012 at 04:20
Saudi-based investment advisory firm, Alkhabeer Capital has announced plans to offer new shares worth about 30% of its capital in an initial public offering (IPO) on the local bourse by early 2014, Saudi Gazette has reported. Alkhabeer, in which Saudi Binladin Group is a top shareholder, is awaiting the regulatory nod to initiate the IPO process, CEO Ammar Shata said. "We are waiting for the signal from the regulator. The plan is to go public by 2014 and a potential listing will not just help us raise new money but also enhance our branding and public image," Shata said.
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