(Bloomberg) -- Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year. The IPO will consist of 338.7 million shares, or a 30% stake in the company, which will include the issuance of 237.1 million new shares through a capital increase. A book-building process will run from Sept. 10 until Sept. 14 and the final offer price will be announced on Sept. 18, it said. Usually one of the Persian Gulf’s biggest and busiest listings markets, Saudi Arabia has had a relatively slow start to the year. Most Read from Bloomberg Businessweek©2023 Bloomberg L.P.

Source: The North Africa Journal August 28, 2023 08:08 UTC