The Saudi Tadawul Holding Group announced the determination of the possible price range for the group's shares to be offered in the market.
NCB Capital, JPMorgan Saudi Arabia, and Citigroup Saudi Arabia, as financial advisors, bookrunners and underwriters for the IPO, said For the group, the potential price range for the offering is between 95 and 105 Saudi riyals per share.
It was also announced that the order book building period had begun for the segment of classes participating in the offering process, which includes 36 million ordinary shares of the company's shares, representing 30% From the issued capital of the company, according to CNBC Arabia.
The offering price for the public offering will be determined after the completion of the order book building process, to be followed by the subscription process for the individual subscriber segment, and the process of building the order book for the institutional segment begins today, November 21 2021, and ends on November 26, 2021.
Tadawul Group, the operator of the stock exchange in the Kingdom, has set an indicative price range for the initial public offering, indicating that it may raise up to 3.78 billion riyals, or about $1.01 billion. of the process.
