Nayifat reschedules IPO roadshow, book building process
Saudi Arabia’s Nayifat Finance Company, in consultation with its financial advisor, has decided to reschedule the roadshow and book building process for its planned initial public offering (IPO), it said in a statement on Tuesday.
The IPO was originally planned to commence on June 24, 2019.
The company will announce further updates regarding the timeline for the listing process in due course.
However, it will continue to work on the implementation of various strategic initiatives, as per its current expansion plan, the statement added.