The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
On Tuesday, November 21, the kingdom’s Capital Market Authority approved the company’s application for registering 10 per cent of its share capital
Marc Antoine d’Halluin, who spent a year as group CEO at MBC, has now been appointed as a board advisor