Saudi Global Ports Taps Banks for Up to $1 Billion IPO [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The port operator owned by the kingdom's Public Investment Fund and Singapore's PSA International Pte could be listed as early as next year, according to the people, who declined to be named discussing confidential information. The deal could raise up to $1 billion, the people said. No final decisions have been made on the timing and size of the offering. Representatives for Saudi Global Ports, PIF, PSA, Goldman and HSBC declined to comment. Bloomberg News previously reported that the port operator was among the companies owned by the PIF that was being considered for an IPO. PSA is owned by Singapore's state investor Temasek Holdings Pte. Get the Mideast Money newsletter, a weekly look at the intersection of wealth and power in the region. The PIF is the main entity tasked with delivering Crown Prince Mohammed Bin Salman's multitrillion-dollar Vision 2030 plan, which envisages substantial investments into the kingdom's transports and logistics indu
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