Saudi macro fundamentals

EFG Hermes Reaches Successful Completion of Advisory for Cherry Trading Company’s IPO on the Saudi Exchange (Tadawul)

EFG Hermes, an EFG Holding Company and the region’s leading investment bank in the MENA region, announced that its investment banking division has successfully completed its role as joint financial advisor, joint bookrunner, and joint underwriter on Cherry Trading Company’s initial public offering on the Saudi Exchange (Tadawul). The deal underscores grand market ambitions in equities and marks a meaningful…