Saudi Arabia’s Public Investment Fund to Sell a 10% Stake in Saudi Tadawul Group
Posted on 11/10/2022
Saudi Arabia’s Public Investment Fund (PIF) is selling a 10% stake in Saudi Tadawul Group, the owner and operator of Saudi Arabia’s stock exchange. This is being conducted through an accelerated bookbuild offering, according to a regulatory filing. PIF hired HSBC and Morgan Stanley to help sell 12 million shares in Tadawul, 10% of the…
