Saudi Company for Tools and Hardware (Saco) plans to sell 30 per cent of the firm in an initial share sale set to launch next month, a statement from the kingdom's market regulator said on Wednesday.
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Saudi Company for Tools and Hardware (Saco), a pioneer in the hardware retail and wholesale business and the largest total-solution home improvement superstores in the kingdom, is set to launch its debut initial public offering (IPO) soon.
Saco is set to consolidate its position as one of Saudi Arabia’s largest and most pioneering retail and wholesale businesses after agreeing to bolster key processes and decision-making with cutting-edge software solutions from SAP.
Saudi hardware retailer and wholesaler Saco has announced the opening of its largest store in the eastern province of Dhahran. This brings the total number of Saco outlets in the Kingdom to 20.
The largest total-solution home improvement s