Saudi Arabian Firms Press Ahead With IPO Plans Despite Iran War
The King Abdullah Financial District in Riyadh, Saudi Arabia.
Photographer: Maya Anwar/BloombergA handful of Saudi Arabian companies are pressing ahead with plans to go public despite market volatility triggered by the ongoing conflict in the Middle East.
Mutlaq AlGhowairi Contracting Co. and AlDyar AlArabia Real Estate are aiming to list before their regulatory approvals expire in late June, according to people familiar with the matter, who asked not to be identified discussing confidential information.