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Riyad Bank announces the commencement of the assessment and preparation of a possible IPO of its subsidiary Riyad Capital
1010
RIBL
1.71
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1445/09/25 04/04/2024 08:00:38
| Element List | Explanation |
|---|---|
| Announcement Detail | Riyad Bank announces that its board of Directors, on Wednesday 24 Ramadan 1445H corresponding 03 April 2024G has issued its resolution to commence the assessment and preparation of a possible Initial Public Offering (IPO) and listing of its subsidiary, Riyad Capital, on the Main Market of the Saudi Exchange. Riyad Bank and Riyad Capital will therefore work together to conduct such an assessment and preparation including determining the size, structure and the other relevant details of the IPO. If a decision is made to proceed with the IPO, then the IPO will also be subject to the relevant regulatory approvals. Any material developments in this regard will be announced in due course in accordance with applicable regulations. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 26.7
Net Change 0.45 (+1.71%)
Value Traded (Sar) 64,034,284.25
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