Goldman Sachs executes stabilization transactions for Arabian Centres IPO
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Arabian Centres Co. said in a bourse statement that Goldman Sachs Saudi Arabia has executed stabilization transactions for some securities in line with the instructions of the price stabilization mechanism in initial public offerings (IPOs).
Goldman Sachs Saudi Arabia acts as the stabilizing manager of Arabian Centres IPO.
The mall operator debuted on Saudi Stock Exchange (Tadawul) on May 22, Argaam reported.