Saudi Tadawul Group sets IPO offer price at SR105 per share


RIYADH: Saudi Tadawul Group Holding Co. on Sunday set the final offer price for its initial public offering at the top of the range i.e. SR105 per share.

The market capitalization of the exchange stands at SR 12.6 billion as on the listing date, a statement issued by Tadawul said.

The IPO order book was 121 times oversubscribed with the book-building process generating an order book of SR458 billion.

The individual investor subscription period is scheduled to commence on Nov. 30 and ends on Dec. 2.