Arabian Centres to float in $1bn-plus test of Saudi market strength
DUBAI: Arabian Centres, the Kingdom’s leading malls operator, is to raise up to $1.2 billion through a share listing on the Tadawul. The initial public offering (IPO) for the 17-year-old company — the biggest in Saudi Arabia since 2014 — will be made to Saudi and foreign institutions, in a further test of the Kingdom’s…