PIF explores IPO of SITE: Report

29/05/2025 Argaam
Logo ofSaudi Information Technology Co. (SITE)

Logo of Saudi Information Technology Co. (SITE)

The Public Investment Fund (PIF) is exploring an initial public offering (IPD) of its wholly-owned technology firm, Saudi Information Technology Co. (SITE), Bloomberg reported, citing a source familiar with the matter.


Banks have been invited to pitch for roles on a potential share sale of SITE, but talks are at an early stage and details such as the size and timing of the offer are still under discussion.

 

For More IPOs


Established in 2017, SITE provides various technology services, including cybersecurity, cloud computing, and system integration.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.