CGS sets TASI IPO price range at SAR 9.50-10/share

05/11/2025 Argaam
Bulding of Consolidated Grünenfelder Saady Holding Co. (CGS)

Bulding of Consolidated Grünenfelder Saady Holding Co. (CGS) 

Consolidated Grünenfelder Saady Holding Co. (CGS) set the share offering price range and started the book-building process for participating institutional investors for its initial public offering (IPO) on the Main Market (TASI).

 

AlJazira Capital, financial advisor, lead manager and underwriter, on the IPO, along with bookrunner Arqaam Capital, said CGS set the price range between SAR 9.50 and SAR 10.00 per share.

 

The book-building process for the participating institutional tranche starts today, Nov. 5, and will run until Nov. 11, 2025. CGS plans to offer 30 million shares on TASI. The shares represent 30% of the company’s SAR 100 million capital, divided into 100 million shares, each at a nominal value of SAR 1.

 

The subscription period for retail investors was set for Nov. 26-27.

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