Saudi Al Majed for Oud Company launches $188M IPO for GCC expansion and digital enhancements.
Saudi Al Majed for Oud Company, a leading fragrance firm in Saudi Arabia, launched its IPO to raise up to $188 million amid strong demand for listings in the GCC region. The company plans to expand its presence in the kingdom and GCC, and enhance retail and digital platforms. The largest share sale of the year globally, it offers 650 products across 132 brands in 286 stores as of December 2023.
August 26, 2024
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