Saudi stock exchange sets IPO offer price at top end of range


Saudi stock exchangeTadawul, as the exchange is known, set the price at 105 riyals (RM118.65) per share after an institutional book-building process, according to a statement.

RIYADH: Saudi Tadawul Group Holding set the final price of its initial public offering (IPO) at the top end of the range, giving the Riyadh-based bourse a valuation of 12.6 billion riyals (US$3.4bil or RM14.41bil).

Tadawul, as the exchange is known, set the price at 105 riyals (RM118.65) per share after an institutional book-building process, according to a statement.

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Saudi Arabia , stock exchange , IPO , tadawul ,

   

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