The developer of Saudi Arabia’s $8bn Prince Abdul Aziz bin Mousaed Economic City will sell a 30 per cent stake in an initial public offering in the first quarter, the chairman of a key investor in the project said. The developer will have a capital of SR7.5bn ($2bn), Abdullah Al Rakhis, chairman of Rakisa Holding Co told a conference on Saturday. “The IPO will be for 30 per cent of ...