Knowledge Tower’s IPO offer price set at $11 on Saudi exchange’s parallel market

RIYADH: Knowledge Tower Trading Co. set its offering price at SR40 ($11) per share for a direct listing on Saudi Arabia’s parallel stock market.

The subscription period will begin on Sunday, Oct. 30 and close on Thursday, Nov. 3, according to a bourse filing. 

Watheeq Capital served as the financial advisor for the initial public offering of Knowledge Tower.