Riyad Capital seeks CMA’s approval for IPO 

01/07/2025 Argaam
Logo ofRiyad Capital

Logo of Riyad Capital

Riyad Bank said that its subsidiary Riyad Capital applied to Capital Market Authority (CMA) for the registration and initial public offering (IPO) of a part of its shares on the Saudi Exchange (Tadawul).
 

For More IPOs

 

The IPO remains subject to the regulatory approvals and Riyad Bank's final decision based on market conditions and the interest of shareholders, the bank said in a statement to Tadawul today, July 1.

 

Riyad Bank noted that any material developments will be announced in due course, in accordance with relevant regulatory requirements.

 

In April 2024, Riyad Bank’s board of directors approved a study to offer a portion of its shares in subsidiary, Riyad Capital, through an IPO and list them on Tadawul’s Main Market.

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