24 Hrs
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الاقتصادية
Saudi Humain starts IPO team
HeuMain, a company owned by Saudi Arabia's Public Investment Fund, announced that it is beginning to form a specialized team to prepare for an initial public offering (IPO). This step indicates a shift from planning to execution, potentially targeting either the domestic market or the global market. The team’s objectives include understanding the complex business operations and financial data, testing the company's strategy, building a strong investment story, and preparing the presentations to be delivered to investors. This move is part of the company's plan to raise approximately $2.5 billion for an investment fund focused on data centers. Additionally, the company is planning to launch a new generation of laptops powered by artificial intelligence technology, in preparation for listing its shares on the market in the coming years.
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