Tabby, one of the first emerging financial technology companies in the Middle East that reached the status of “Unicorn”, used investment banks to help prepare for a possible preliminary public offer, according to people familiar with the case. People, who asked not to reveal their identity because of the confidentiality of information, said that the company specializes in services “now buy and pay” later “work with HSBC Holdings,” JP Morgan Chase “and” Morgan Stanley “on the agreement. said that “Tabi” may be trying to collect extra financing before it is included in the Saudi Stock Exchange. ‘Financial flood’ of $ 400 million launched, while ‘production of industrial services’ and ‘UMM AL -QURA for development and reconstruction’ announced plans to include in the local market this year. The “Ijada Systems” business, which specializes in technical services, has also obtained the necessary organizational approvals for its initial public offering. In the same context, Bloomberg News reported that “Riyadh Capital” and the economic airline “Flynas” used investment banks to arrange stock sales.
Saudi “Taby” sets banks to run the launch on the Stock Exchange
