Logo of Saudi Tadawul Group
Retail investors start, today, Nov. 30, subscription to 10.8 million shares of Saudi Tadawul Group, at SAR 105 a share.
The price was determined through book-building process.
According to data available on Argaam, Saudi Tadawul Group plans to offer 36 million shares in an IPO, representing 30% of its SAR 1.20 billion capital, divided into 120 million ordinary shares. The shares are fully owned by the Public Investment Fund (PIF).
The list of the receiving banks for the IPO includes Saudi National Bank (SNB), Al Rajhi Bank, Arab National Bank (ANB), Alinma Bank and Riyad Bank.
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