In accordance with the Saudi Stock Exchange 's (Tadawul) intitative to increase transparency around the process of transition to a public company, Tadawul is pleased to announce the appointment of HSBC Saudi Arabia Limited as the financial advisor responsible for managing the company 's initial public offering.
The appointment of a financial advisor is an important milestone in the beginning of the IPO journey which is planed to take place by 2018 after obtaining the necessary approvals.
