https://thesaudiboom.com/saudi-arabias-perfume-maker-al-majed-for-ouds-188-million-ipo-sells-out-in-hours/
Saudi Arabia’s well-known fragrance maker, Al Majed For Oud, had its IPO offered out inside hours, with extra orders obtained than shares obtainable. The corporate, which has greater than 300 shops in Saudi Arabia, is promoting a 30% stake, aiming to lift as much as $188 million within the course of. Oud and perfumes are large enterprise in Saudi Arabia, and different properly know firms comparable to Arabian Oud may look to listing on the Saudi inventory market within the close to future.
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