SMASCO retail offer 13x covered; 10 shares minimum allocated per subscriber

Logo of Saudi Manpower Solutions Co. (SMASCO)

The retail offer of Saudi Manpower Solutions Co. (SMASCO) completed successfully, said SNB Capital, the lead manager, financial advisor, book-runner and underwriter on the company's initial public offering (IPO).
 
A minimum of 10 shares were allocated to each subscriber, according to a Tadawul statement issued today, May 30.
Rump shares were allocated on a pro rata basis, depending on the demand size. Fractional shares were collated and allocated one share per application in descending order starting from the highest order.
 

Offer Details

Number of Retail Investors                             

1.07 mln

Number of Shares Offered

12 mln

Nominal Value

SAR 1/share

Offer Price

SAR 7.5/share

Coverage Ratio

13x

Total Application Value

SAR 1.17 bln

Subscription Allocation

10 shares minimum per subscriber

Allocation of Rump Shares

 0.92007%
 

According to data available with Argaam, the company floated 120 million shares, or 30% of capital. It allocated 90% to participating parties, while the remaining 10% was allotted to individuals.

 

The two-day retail offer started on May 26.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request