GAS Arabian Services IPO price set at SAR 90/share

30/01/2022 Argaam

Logo of GAS Arabian Services

FALCOM financial services, as the financial advisor and lead manager on the initial public offering (IPO) of GAS Arabian Services on Nomu - Parallel Market, announced the completion of the offering, with a coverage ratio of 47.58x, according to a bourse filing.

 

The final offering price was set at SAR 90 per share, FALCOM added.

 

The company floated 790,000 ordinary shares, representing 5% its share capital, from Jan. 23 - 27.

 

FALCOM will finalize the required procedures with the Saudi Stock Exchange (Tadawul) and then determine the date for share listing on Nomu.

 

To Review More IPOs

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