Riyadh - Mubasher: Elm Company has set the final price for the initial public offering (IPO) at SAR 128 per share to list its ordinary shares on the Main Market of the Saudi Exchange (Tadawul).
The book-building process for the participating parties tranche was completed, and the individual investors tranche subscription will start on Thursday, 3 February, and ends on Sunday, 6 February, according to a bourse filing on Sunday.
The company will offer a maximum of 7.2 million offer shares, representing 30% of the total offer shares, to individual investors.
The company seeks to list 24 million ordinary shares, accounting for 30% of the share capital, on Tadawul's Main Market.
