Riyad Capital Plans Saudi IPO Valued at $2.5 Billion

Riyad Capital, the investment arm of the Riyad Bank, is reportedly looking to launch an initial public offering (IPO) that could potentially peg the company's valuation at an impressive $2.5 billion. This potential IPO reflects the growing trend of Saudi companies seeking to raise capital through public listings, in line with the nation’s Vision 2030 initiative which aims to diversify its economy beyond oil dependence.

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