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Home News Pharma & Health

Saudi Arabia’s Avalon Pharma plans to list 30% on Tadawul

admin by admin
January 8, 2024
in Pharma & Health
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Avalon Pharma to sell 30% stake in Riyadh IPO

Image courtesy: Avalon Pharma/ LinkedIn

Saudi Arabia pharma giant Middle East Pharmaceutical Industries Company, also known as Avalon Pharma, said Sunday that it plans to sell a 30 per cent stake through an initial public offering (IPO) on the Saudi Exchange (Tadawul).

Avalon Pharma, said in a statement, that it received approval from the Capital Market Authority to offer six million shares, representing 30 per cent of the company’s…



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Tags: avalon pharmacapital market authorityIPOpharmaceuticalsaudi exchange
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