Al-Rajhi Bank among Mepco IPO's receiving banks

06/04/2015 Argaam
Middle East Paper Co. (Mepco) is planning to offer 15 million shares, or nearly 30 percent of its capital in an initial public offering (IPO) with Al Rajhi as one of its receiving banks. 
 
The IPO will be set at SAR 30 a share as per the book-building process.
 
The offering will be launched on April 8, via Samba Financial Group, The Saudi British Bank (SAAB), Arab National Bank (ANB), Riyad Bank, as well as National Commercial Bank (NCB).
 
Mepco will offer 40 percent of the total shares to retail subscribers, while the remaining 60 percent will be offered to institutional investors.

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