Saudi Extra Offers 30% Stake in Finance Unit in Riyadh IPO Boom

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(Bloomberg) -- Saudi Arabia-based United Electronics Co., known as Extra, will proceed with the listing of a 30% stake in its financial services unit on the ...

-- Saudi Arabia-based United Electronics Co., known as Extra, will proceed with the listing of a 30% stake in its financial services unit on the Saudi main market.One City’s Plan to Re-Link a Neighborhood That Robert Moses Divided

HSBC Saudi Arabia and EFG Hermes KSA have been hired to arrange the offering, which may come in the next few weeks. Saudi Arabia has seen more than $15 billion in share sales this year, largely driven by Saudi Aramco’s $11.2 billion secondary offering in July. In the final two weeks of the presidential election campaign, both Kamala Harris and Donald Trump are laser focussed on two groups of voters.

 

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