Riyadh - Mubasher: GAS Arabian Services has set the final price for the initial public offering (IPO) on the Parallel Market (Nomu) at SAR 90 per share.
The company seeks to list 790,000 ordinary shares, representing 5% of the company’s shares, according to a bourse filing on Sunday.
The Offering was covered 47.58 times of the total shares offered during the subscription period on 23-27 January 2022.
FALCOM Financial Services is the financial advisor and lead manager for the offering.
It is noteworthy to mention that on 23 January, Gas Arabian Services announced the price range for the potential offering at SAR 75 – 90 per share.
