The two firms are on a run of form where big ticket Saudi IPOs are concerned.
October 21, 2022 at 12:05 AM
2 minute read
Correspondent, Dubai
Clifford Chance and Baker McKenzie are leading on another major IPO in Saudi Arabia, the biggest of the year so far.
The Power and Water Utility Company for Jubail and Yanbu (Marafiq) is to sell 29.4% of its equity, involving over 73 million shares, valuing the company at around $2.9 billion, according to the IPO prospectus.
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