SAUDI ARABIA: Riyad Bank has announced that its board of directors has started evaluating and preparing for a potential IPO and listing of its subsidiary, Riyad Capital, as stated in a bourse filing.
Both Riyad Bank and Riyad Capital are to work together in assessing and preparing for the IPO, which includes determining its size, structure and other important details. If the decision is made to move forward with the IPO, it will also need to obtain the necessary regulatory approvals.
