Al Mawarid Manpower eyes Tadawul IPO: AlJazira Capital

13/04/2023 Argaam

Al Mawarid Manpower eyes Tadawul IPO: AlJazira Capital

Logo of Al Mawarid Manpower Co.

Al Mawarid Manpower Co. intends to offer and list 4.5 million ordinary shares, representing 30% of its capital, on the Saudi Exchange (Tadawul), AlJazira Capital, the financial advisor, bookrunner, lead manager and underwriter on the potential offering, announced in a statement today, April 13.

 

Tadawul approved Al Mawarid Manpower's application to list its shares on Nov. 24, 2022, while the Capital Market Authority (CMA) greenlit the request on Dec. 26, 2022.

 

The offering price would be determined after the book-building period.

 

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