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Barn’s plans IPO on Tadawul: CEO
AI Summary
Mohammed Alzain, CEO of Barn's
Barn’s has begun work on an initial public offering (IPO) on the Saudi Exchange (Tadawul), CEO Mohammed Alzain said in an interview with Bloomberg.
Alzain said the company is coordinating with the Capital Market Authority to obtain the necessary approvals and is seeking to appoint advisory banks for the upcoming listing.
Proceeds from the IPO will be used to fund the company’s expansion plans, he added.
Barn’s aims to increase its number of branches to 1,000 by 2030, up from around 850 currently, through expansion into the UAE, Oman, Kuwait, and Morocco.
Founded in 1992, Barn’s currently operates branches in Saudi Arabia, Bahrain, and Egypt.
Comments 18
Yazid989
منذ 5 سنهاتفق معك... لكن أتمنى يستمر بهذا السعر عشان يمديني اجمع فيه شهريا 😅
THEWOLFOFTASI
منذ 5 سنهعودة التوزيعات بهذا المبلغ كفيل بعودة السهم إلى مستوى الـ 40 ريال خاصة ومكرر السهم عند 15 مره ..
Nadar0
منذ 5 سنهخالد المهوّس
منذ 5 سنهNadar0
منذ 5 سنهصحيح ممكن لاكن في ديسمبر 2018 الشركه السويسريه ضمت 3 شركات ماتذكر اسمها الان ل محفضة اعمالها في مطار جده والرياض والدمام وعوضت طيران اديل و السعودية بعض من الايرادات والا كان الانخفاض في الايرادات اكبر من كذه
رمادي 5
منذ 5 سنهيوجد شركات منافسه من فتره تعمل بالمطارات لكن الخدمات الارضيه تعتبر رقم واحد بمجالها
ابو حمزه 3
منذ 5 سنهالحمدلله...
توزيعات افضل من النصف الذي قبله ( 80) هلله
ونأمل استمرار التفاعل الإيجابي للسهم الأيام القادمة
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