206 
Image credit: Havelock One/ Website
Saudi Arabian perfume retailer Al Majed for Oud Company plans to sell a 30 per cent stake through an initial public offering (IPO) on the Saudi Exchange (Tadawul), as the appetite for listings in the GCC region remains healthy.
Al Majed for Oud, one of the leading companies in the kingdom’s fragrance market, is offering 7,500,000 shares to investors—equivalent to 30 per cent of the company’s paid-up capital. This follows the approval received from the Capital Market Authority (CMA) in June…