Retailer Fawaz Alhokair set to raise up to $1b, in Saudi's biggest IPO since 2014

Retailer Fawaz Alhokair set to raise up to $1b, in Saudi's biggest IPO since 2014

Fawaz Alhokair Group, the Saudi retailer that owns the franchise for brands like Banana Republic and Zara, may raise as much as $1 billion from the share sale of its malls unit in what would be the kingdom’s biggest initial public offering in five years.

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