Bulding of Consolidated Grünenfelder Saady Holding Co. (CGS)
Consolidated Grünenfelder Saady Holding Co. (CGS) announced setting the share offering price range as well starting the book-building process for participating institutional investors, according to AlJazira Capital, financial advisor, lead manager underwriter as well as Arqaam Capital, bookrunner of CGS initial public offering (IPO). 
The company set the price range for the shares offered between SAR 9.50 and SAR 10.00 per share.
The book-building process for the participating institutional tranche starts today, Nov. 5 and will run until Tuesday, Nov. 11, 2025. CGS plans to offer 30 million shares on Main Market (TASI). The shares represent 30% of the company’s SAR 100 million capital, divided into 100 million shares, each at a nominal value of SAR 1.
The initial public offering (IPO) will run from Nov. 26-27, while the book-building process will begin on Nov. 5 and end on Nov. 11.
The Capital Market Authority (CMA) greenlit the offering in June 2025.
Bulding of Consolidated Grünenfelder Saady Holding Co. (CGS)
Consolidated Grünenfelder Saady Holding Co. (CGS) announced setting the share offering price range as well starting the book-building process for participating institutional investors, according to AlJazira Capital, financial advisor, lead manager underwriter as well as Arqaam Capital, bookrunner of CGS initial public offering (IPO).
The company set the price range for the shares offered between SAR 9.50 and SAR 10.00 per share.
The book-building process for the participating institutional tranche starts today, Nov. 5 and will run until Tuesday, Nov. 11, 2025. CGS plans to offer 30 million shares on Main Market (TASI). The shares represent 30% of the company’s SAR 100 million capital, divided into 100 million shares, each at a nominal value of SAR 1.
The initial public offering (IPO) will run from Nov. 26-27, while the book-building process will begin on Nov. 5 and end on Nov. 11.
The Capital Market Authority (CMA) greenlit the offering in June 2025.
