Logo ofSaleh Abdulaziz Al Rashed Sons Co.
Retail investors start today, Feb. 12, subscribing to 1.67 million shares ofSaleh Abdulaziz Al Rashed Sons Co. on the Main Market (TASI) at SAR 45 per share, based on the price determined through the book-building process. 
The retail offering will run for four days until Feb. 17.
The retail tranche represents 30% of the total shares on offer.
In September, the Capital Market Authority (CMA) approved the company’s application to float 5.58 million shares on TASI, representing 30% of its SAR 186 million capital, divided into 18.6 million shares, at a par value of SAR 10 each.
The company’s institutional offering, which ended last week, was 67.7x covered.
This is the first IPO on TASI this year.
Tadawul witnessed 13 IPOs last year, following listings byDerayah Financial Co.on Feb. 20, Arabian Company for Agricultural Industrial Investments (Entaj) on Feb. 26, and Umm Al Qura for Development and Construction Co. (Masar) on May 5. This is in addition to United Carton Industries Co. (UCIC) on May 27,flynas Co.on June 18, Specialized Medical Co. (SMC) on June 25,Sport Clubs Co.on July 8, Dar Al Majed Real Estate Co. (Al Majdiah) on Aug. 14,Marketing Home Group for Trading Co.on August 19,Cherry Trading Co.on Nov. 12, Almasar Alshamil Education Co.on Nov. 18, Consolidated Grünenfelder Saady Holding Co. (CGS) on Nov. 26 and Alramz Real Estate Co.on Dec. 7.
Logo ofSaleh Abdulaziz Al Rashed Sons Co.
Retail investors start today, Feb. 12, subscribing to 1.67 million shares ofSaleh Abdulaziz Al Rashed Sons Co. on the Main Market (TASI) at SAR 45 per share, based on the price determined through the book-building process.
The retail offering will run for four days until Feb. 17.
The retail tranche represents 30% of the total shares on offer.
In September, the Capital Market Authority (CMA) approved the company’s application to float 5.58 million shares on TASI, representing 30% of its SAR 186 million capital, divided into 18.6 million shares, at a par value of SAR 10 each.
The company’s institutional offering, which ended last week, was 67.7x covered.
This is the first IPO on TASI this year.
Tadawul witnessed 13 IPOs last year, following listings byDerayah Financial Co.on Feb. 20, Arabian Company for Agricultural Industrial Investments (Entaj) on Feb. 26, and Umm Al Qura for Development and Construction Co. (Masar) on May 5. This is in addition to United Carton Industries Co. (UCIC) on May 27,flynas Co.on June 18, Specialized Medical Co. (SMC) on June 25,Sport Clubs Co.on July 8, Dar Al Majed Real Estate Co. (Al Majdiah) on Aug. 14,Marketing Home Group for Trading Co.on August 19,Cherry Trading Co.on Nov. 12, Almasar Alshamil Education Co.on Nov. 18, Consolidated Grünenfelder Saady Holding Co. (CGS) on Nov. 26 and Alramz Real Estate Co.on Dec. 7.
