Logo ofConsolidated Grünenfelder Saady Holding Co. (CGS)
Retail investors can start subscribing to six million shares ofConsolidated Grünenfelder Saady Holding Co. (CGS)on the Main Market (TASI) at SAR 10 each – the price determined through the book-building process. 
The retail offering will run for two days until Nov. 27.
The retail tranche represents 20% of the total shares on offer.
In June, the Capital Market Authority (CMA) approved the company’s application to float 30 million shares on TASI, representing 30% of its SAR 100 million capital, divided into 100 million shares at a par value of SAR 1 each.
The company’s institutional offering, which ended last week, was 61.6x covered.
This is the 12th IPO on TASI this year afterDerayah 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, and Almasar Alshamil Education Co. on Nov. 18.
Tadawul witnessed 14 IPOs last year, following listings by Middle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,Miahona Co.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for Oud Co.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2,Tamkeen Human Resources Co.on Nov. 5, United International Holding Co. (Tasheel) on Nov. 19,Almoosa Health Co.on Dec. 23 andNice One Co.on Dec. 24.
Logo ofConsolidated Grünenfelder Saady Holding Co. (CGS)
Retail investors can start subscribing to six million shares ofConsolidated Grünenfelder Saady Holding Co. (CGS)on the Main Market (TASI) at SAR 10 each – the price determined through the book-building process.
The retail offering will run for two days until Nov. 27.
The retail tranche represents 20% of the total shares on offer.
In June, the Capital Market Authority (CMA) approved the company’s application to float 30 million shares on TASI, representing 30% of its SAR 100 million capital, divided into 100 million shares at a par value of SAR 1 each.
The company’s institutional offering, which ended last week, was 61.6x covered.
This is the 12th IPO on TASI this year afterDerayah 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, and Almasar Alshamil Education Co. on Nov. 18.
Tadawul witnessed 14 IPOs last year, following listings by Middle East Pharmaceutical Industries Co. (Avalon Pharma) on Jan. 30,Modern Mills for Food Products Co.on March 5,Miahona Co.and Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care) on May 21, Saudi Manpower Solutions Co. (SMASCO) on May 26, Al Taiseer Group Talco Industrial Co. (TALCO) on May 28,Rasan Information Technology Co.on May 29,Almajed for Oud Co.on Sept. 15,Arabian Mills Co.on Sept. 18, Fourth Milling Co. (MC4) on Oct. 2,Tamkeen Human Resources Co.on Nov. 5, United International Holding Co. (Tasheel) on Nov. 19,Almoosa Health Co.on Dec. 23 andNice One Co.on Dec. 24.
