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Al-Saif Stores for Development & Investment Co. (Alsaif Gallery) will close today, Nov. 29, the book-building process for its planned initial public offering (IPO), after the deadline was extended by one day following the official holiday announced in Saudi Arabia on Nov. 23.
The book-building process began on Nov. 22. The IPO price range was set at SAR 100-115 per share.
The retail offering will run from Dec. 5-6.
The company floated 10.5 million shares, or 30% of its SAR 35 million capital, on the Saudi Exchange (Tadawul).
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