RIYADH (Reuters) -Saudi Arabia-headquartered fintech Tabby said on Tuesday it has completed a secondary share sale involving shares held by existing shareholders, valuing the company at $4.5 billion ahead of a potential public listing.

HSG, Boyu Capital and others acquired shares in the buy-now-pay-later firm from existing investors, resulting in an implied valuation of $4.5 billion, Tabby said in a statement.

Tabby, which counts Abu Dhabi sovereign wealth fund Mubadala among its investors, allows customers to defer payments on their purchases.

Tabby clarified that no new shares were issued and the company did not receive any proceeds from the transaction. It did not disclose the identities of the selling shareholders or the size of the share sale.

CEO and co-founder Hosam Arab told Re

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