Friday 29 May 2015
 
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Saco

Hardware firm Saco's IPO meets strong demand

The retail portion of the initial public offer of Saudi Company for Tools and Hardware (Saco) has been covered 620 per cent, its financial adviser said. Saco, a popular supplier of building tools and mechanical equipment in the ki

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Hardware firm Saco's IPO meets strong demand

The retail portion of the initial public offer of Saudi Company for Tools and Hardware (Saco) has been covered 620 per cent, its financial adviser said. Saco, a popular supplier of building tools and mechanical equipment in the ki

More…

Saudi hardware retailer to raise $134m from float

Saudi Company for Tools and Hardware (Saco), a popular do-it-yourself (DIY) chain in the kingdom, has set the price for its 30 per cent initial share sale at SR70 ($18.70) each, a statement from the company's financial adviser said on Thursd

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Saudi hardware retailer Saco plans share sale

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. Subscription for the initi

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Saudi hardware retailer Saco plans debut IPO

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.

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Saco, SAP to bolster key processes

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. The pro

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Saudi hardware group opens largest store

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

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