Carlyle Group is seeking to sell its stake in the owner of the Domino’s pizza franchise in the Middle East in an initial public offering on the Saudi stock exchange.
The US buyout firm, which has $325 billion in assets under management, is selling a 42% stake in Alamar Foods, or 10.6 million shares to retail and institutional investors, according to a statement. Carlyle acquired its stake from Saudi-based firm AlJammaz Group in 2011 for an undisclosed amount.
More details from the statement:
- Individual investor subscription period: July 20-21
- HSBC Saudi Arabia is the financial adviser, bookrunner, lead manager and underwriter
- Riyad Bank, Saudi National Bank and AlRajhi Bank are receiving entities for the individual investors tranche
Read more: BNN Bloomberg
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