Saudi Tech Firm Ejada Taps Goldman for IPO at $1.5 Billion Value [Yahoo! Finance Canada]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Goldman Sachs Group Inc. and Al Rajhi Capital have been hired to arrange the potential offering, which could come in the next few months, people familiar with the matter said, asking not to be identified as the discussions are confidential. Ejada is owned by Al Rajhi Bank, Saudi Arabia's second-largest lender by assets. The bank could look to sell at least 30% in the business, according to the people. No final decisions have been made about the size or timing of the offering. Representatives for Ejada and Goldman Sachs declined to comment, while Al Rajhi Capital did not respond to a request for comment. New from Bloomberg: Get the Mideast Money newsletter, a weekly look at the intersection of wealth and power in the region. Riyadh has seen more than $15 billion worth of share sales this year, mostly down to Saudi Aramco's bumper secondary offering in July. That figure includes a flurry of listings, which have raised over $3 billion. Like some Gulf
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