RIYADH: Saudi Tadawul Group Holding Co. on Sunday set the final offer price for its initial public offering at the top of the range i.e. SR105 per share.

The market capitalization of the exchange stands at SR 12.6 billion as on the listing date, a statement issued by Tadawul said.

The IPO order book was 121 times oversubscribed with the book-building process generating an order book of SR458 billion.

The individual investor subscription period is scheduled to commence on Nov. 30 and ends on Dec. 2.

Copyright: Arab News © 2021 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.