Reuters first to report Saudi Alhokair’s mall unit files for IPO, offering in Q2

Reuters was first to report that Fawaz Alhokair Group, whose major shareholder was detained at the Ritz by Saudi authorities in November 2017 as part of an anti-graft crackdown, has filed an application with the Saudi market regulator to take its mall business public in the second quarter of this year. The company hired Morgan Stanley, Moelis, Samba Financial Group and National Commercial Bank to advise on the process.