Flexible Murabaha Financing Plans IPO in Saudi Arabia

The Flexible Murabaha Financing Company, a non-banking financial institution in Saudi Arabia, announced today, Monday, that it will execute an initial public offering (IPO) in the main market in Saudi Arabia. The company indicated in a statement that it will offer 30% of its issued capital, following a capital increase, adding that it intends to use the net proceeds from the initial offering to strengthen its capital base to support future growth.