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Investors talk as they monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh. Faisal Al Nasser
Saudi Arabia’s ASG Plastic Factory Co., which intends to float 10.64% of its shares, has set the price range for the initial public offering (IPO) between 40 riyals ($10.66) and SAR 44 per share.
Yaqeen Capital Company, in its capacity as the financial advisor and lead manager on the potential offering, said in a statement on the Saudi Tadawul bourse on Tuesday that the book-building period for qualified investors will run from 28 July to 5 August 2024.
In March, Saudi’s Capital Market Authority (CMA) approved the company’s application to float its shares on Riyadh’s parallel stock market, Nomu.
(Writing by Brinda Darasha; editing by Bindu Rai)
