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International Company for Power and Water Projects (ACWA Power) successfully completed the book building process for participating categories, Riyad Capital, Citigroup Saudi Arabia, JP Morgan Saudi Arabia, and NATIXIS, the financial advisors, lead managers, bookrunners and underwriters for the initial public offering (IPO), said in a bourse statement
The utility provider set the final offer price at SAR 56 per share.
The retail offering will run from Sept. 29 to Oct. 1.
A total of 8.12 million shares, or 10% of the offering size, were allocated for individual subscribers.
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