Logo of Arabian Contracting Services Co. (Al Arabia)
Retail investors start, today, Oct. 26, subscription to 1.5 million shares of Arabian Contracting Services Company (Al Arabia), at SAR 100 a share.
The price was determined through book-building process.
Al Arabia plans to sell 15 million shares, or 30%, of its SAR 50 million share capital.
The list of the receiving banks for the IPO includes Riyad Bank, Saudi National Bank (SNB), Saudi British Bank (SABB) and Bank Albilad.
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