15 Hrs
Source:
الاقتصادية
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Saudi Human Starts IPO Team Formation
Huawei, owned by the Saudi Public Investment Fund, is now assembling a specialized team to prepare for an initial public offering (IPO). This move indicates a shift from plans to go public from merely ambitions to actual execution. Its CEO, Tarek Amin, is seeking experienced individuals from consulting firms and IPO preparation backgrounds to help build internal capabilities in anticipation of a possible listing on the Saudi and global markets within the next three to four years. This step is part of the company's broader plan to develop an integrated artificial intelligence ecosystem, which includes building data centers and making investments worth $2.5 billion. The company is also planning to launch new technological products such as the "Horizon Ultra" device and the "Huomein OS" operating system, expected to be released in 2027.
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