International Human Resources’ IPO 19.45x covered, final offer price set at SAR 34/share

07/08/2022 Argaam
Logo of International Human Resources Co.

Logo of International Human Resources Co.

Yaqeen Capital, as the financial advisor and lead manager on the initial public offering (IPO) of International Human Resources Co. (Aldawliah) on Nomu-Parallel Market, announced the successful completion of offering of 500,000 ordinary shares, or 20% of the company’s capital.

 

The offer price was set at SAR 34 per share. The offering was 19.45x covered during the subscription period from July 31-Aug. 2, the brokerage said in a bourse filing today, Aug. 7.

 

Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine Aldawliah’s listing date on Nomu.

 

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