Logo of Saudi Tadawul Group
Saudi Tadawul Group Holding Co. will launch its initial public offering (IPO) for retail investors today, Nov. 30. Retail investors will subscribe to 10.8 million shares, at SAR 105 each. The offering will last three days, until Thursday, Dec. 2.
Saudi Tadawul Group offered 36 million shares, or 30% of its SAR 1.2 billion capital. It allocated 30% of the offer shares to retail subscribers, and 70% for institutional investors.
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IPO Key Dates |
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IPO period for retail investors |
Three days (Nov. 30 to Dec. 2) |
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Last date for submitting IPO requests and payment of IPO subscriptions for retail investors |
Dec. 2 |
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Final allocation |
Dec. 6 |
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Surplus refund |
Dec. 8 |
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Expected date of trading |
After fulfilling all requirements and completing all regulatory procedures |
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