Home GCC Saudi Arabia Carlyle seeks $325m from Gulf Domino’s Pizza operator IPO Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors by Bloomberg June 21, 2022 Carlyle Group is seeking to raise as much as $325m by listing shares in the owner of the Middle East Domino’s Pizza franchise on the Saudi stock exchange. Alamar Foods set price range for its initial public offering at SAR103 to SAR115 per share, implying a market value of as much as SAR2.9bn ($773m) The IPO opens on Monday for institutional investors. Saudi Arabia’s stock market is one of the most active in the Middle East and since allowing foreigners to directly buy stocks in 2015 has attracted some of the biggest global investors. The Saudi exchange has been working for several years to attract listings from companies in the region as it tries to position itself as the main venue for stock trading in Middle East. Carlyle is selling a 41.7 per cent stake in Alamar, or 10.6 million shares, to institutional and retail investors. The US buyout firm acquired its stake from Saudi-based firm AlJammaz Group in 2011 for an undisclosed amount. More details: * Institutional subscription period: June 20–27 * Individual investor subscription period: July 20-21 * HSBC Saudi Arabia is the financial adviser, bookrunner, lead manager and underwriter Tags Alamar Foods Carlyle Group HSBC investors IPO stock exchange 0 Comments You might also like Saudi Arabia’s United International kicks off SAR990m Riyadh IPO UAE’s Lulu Retail sets IPO price range of up to Dhs2.04 per share HSBC launches sustainability improvement loan for mid-sized corporates in the UAE, Egypt, Qatar and Bahrain Saudi Arabia’s United International Holding to sell 30% stake via IPO