Here’s a list of receiving banks for ADES International IPO

26/09/2023 Argaam

Here’s a list of receiving banks for ADES International IPO

Logo of ADES International Holding Co. 

ADES International Holding Co. offers today, Sept. 26, as many as 33.87 million shares for retail subscription at SAR 13.5 a share, as per the book-building process.

 

The company will offer 338.72 million shares, or 30% of post-IPO capital (39.5% of before-IPO capital).

 

The offering will be concluded through the sale of 101.62 million shares held by ADES International, the Public Investment Fund, and Zamil Investment Group (in proportion to their current stakes), and the issuing of 237.10 million new shares via a capital increase.

 

The receiving banks are Riyad Bank, Arab National Bank (ANB) Banque Saudi Fransi (BSF) and Al Rajhi Bank.

 

For More IPOs

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