Rayan Advanced sets IPO price at SAR 72/share

16/11/2022 Argaam
Logo ofRayanAdvanced Industrial Co.

Logo of Rayan Advanced Industrial Co.

Aldukheil Financial Group, the financial advisor for the initial public offering (IPO) of Rayan Advanced Industrial Co. on Nomu – Parallel Market, announced today, Nov. 16, setting the offer price at SAR 72 per share, according to a statement to Tadawul. 

 

The company will list two million shares, which represents 20% of its share capital, according to Argaam's data. 

 

The offering period will run from Nov. 20 to Nov. 24, 2022.

 

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