Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange, reports say.
The initial public offering, (IPO), the Jeddah-based bank has said, is expected to be one of the biggest listings in the parallel market with a value exceeding SR1 billion ($266.6 million).
Bunyan United Company operates across several industry categories including real estate, entertainment, medicine, and hospitality. Nomu is a dedicated market seen to support small and medium sized enterprises.
Saudi developer Bunyan United Company hires BMG Financial Group to advise on IPO
