Al Mawarid Manpower prices IPO at SAR 58-64/share

09/05/2023 Argaam

Al Mawarid Manpower prices IPO at SAR 58-64/share

Logo of Al Mawarid Manpower Co.

Al Mawarid Manpower Co. set the initial public offering (IPO) price range at SAR 58-64 per share, according to AlJazira Capital, the financial advisor, bookrunner, lead manager and underwriter on the potential offering.

 

The book-building process for institutional investors starts from May 9-15, according to AlJazira Capital.

 

The final offer price will be announced after the completion of the book-building process, which will be followed by the retail offering.

 

Al Mawarid Manpower plans to offer 4.5 million shares, or 30% of its SAR 150 million capital, divided into SAR 15 million shares, on the Saudi Exchange (Tadawul), Argaam earlier reported.

 

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