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English news

02-Mar-2016

Saudi Arabia studies restructuring and listing Ports Authority on stock market

The Saudi government is reported to be studying strategies for listing the state-owned Saudi Ports Authority on the stock market, which would take place after restructuring the authority, according to sources speaking to MEED magazine. According to the current proposition, the Ports Authority will be first transformed  into an independent entity; in order to be eligible to raise funds through the stock market. MEED sources reported that the authority had unofficially initiated talks on the matter with banks and added that the restructuring will likely be similar to that of DP World (DPW.DI) in UAE.

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