ANB Capital, the financial advisor, lead manager, bookrunner and underwriter of the initial public offering (IPO) for Saleh Abdulaziz Al Rashed Sons Co. (SAR) announced completing the book-building process for the institutional tranche subscribed to the offered shares.
In a statement to Tadawul, the company said that the final offer price was set at SAR 45 per share, with a coverage of 67.7x.
According to available data on Argaam, SAR plans to offer 5.58 million shares on TASI, representing 30% of its SAR 186 million capital, divided into 18.6 million shares with a nominal value of SAR 10 each.
The retail subscription period will start on Feb. 12, and run for four days until Feb. 17, with 30% of the total shares on offer allocated to individual investors.
ANB Capital, the financial advisor, lead manager, bookrunner and underwriter of the initial public offering (IPO) for Saleh Abdulaziz Al Rashed Sons Co. (SAR) announced completing the book-building process for the institutional tranche subscribed to the offered shares.
In a statement to Tadawul, the company said that the final offer price was set at SAR 45 per share, with a coverage of 67.7x.
According to available data on Argaam, SAR plans to offer 5.58 million shares on TASI, representing 30% of its SAR 186 million capital, divided into 18.6 million shares with a nominal value of SAR 10 each.
The retail subscription period will start on Feb. 12, and run for four days until Feb. 17, with 30% of the total shares on offer allocated to individual investors.
