Falcom Financial Services, the financial advisor and lead manager of Thob Al-Aseel Co.’s initial public offering (IPO) has set the issue price range between SAR 75 and SAR 95 per share, Alrriyadh newspaper reported on Tuesday.
The garment manufacturer’s share sale on Saudi Arabia’s Nomu-Parallel Market started on May 7 and will end on May 18, Argaam earlier reported.
The company is offering 20 percent of capital, or 3.0 million shares in the IPO.
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