Saudi developer Bunyan United Company hires BMG Financial Group to advise on IPO

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.

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