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HomeFinanceRiyad Bank Plans Investment IPO

Riyad Bank Plans Investment IPO

Potential $2.5B valuation with JPMorgan partnership

January 13, 2025
in Finance
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Riyad Bank of Saudi Arabia is exploring an initial public offering (IPO) for its investment banking division, partnering with JPMorgan Chase & Co. for this venture, as per insider sources.

The IPO for Riyad Capital might occur by mid-2025, with an estimated valuation of $2.5 billion. However, specifics such as the offering size and precise timing are yet to be finalized, according to those familiar with the discussions.

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Tags: investment bankingIPOJPMorganRiyad Bank
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