Here’s a look at receiving banks list for AMAK IPO

Logo of Al Masane Al Kobra Mining Co.

Retail investors start today, March 9, subscription to 5.94 million shares of Al Masane Al Kobra Mining Co. (AMAK), at SAR 63 a share.

The price was determined through book-building process.

AMAK plans to sell 19.8 million shares, or 30% of its capital, which will become SAR 660 million after the IPO.

The list of the receiving banks for the IPO includes Al Rajhi Bank, Saudi National Bank (SNB), and Riyad Bank.