Riyadh – Mubasher: The price range for the initial price offering (IPO) of Saudi Tadawul Group Holding Company has been set between SAR 95 and SAR 105 per share, according to a disclosure on Sunday.
The group is offering 36 million ordinary shares, accounting for 30% of its capital, for the IPO. A minimum number of 100,000 shares will be offered for the participating parties, while the maximum number stands at 5.99 million shares.
The bidding and book-building period for Saudi Tadawul Group’s IPO has started today, 21 November, and will end on the 26th of the month. This final IPO price will be then determined, to be followed by the individual subscription period.
Earlier in November, the Capital Market Authority (CMA) approved the IPO of Saudi Tadawul Group.
