The company priced its IPO at the top of the previously announced range, selling its shares at SAR37 per share apiece to raise SAR841m
The healthcare group plans to offer 30 million new shares and 19.8 million existing shares to investors – equivalent to 21.47 per cent of the company’s paid-up capital
The company said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies
The company will offer six million shares, or 30 per cent of its issued share capital, on the Saudi Exchange
The patented formulas that will emerge from the collaboration will undergo a few months of formulation, tests and assessment process
The launch of the real-time index advances the Saudi Exchange’s goal to provide investors with enhanced benchmark opportunities to help support Saudi Vision 2030’s Financial Sector Development Program
The pharmaceutical firm said the final offer price will be determined following a January 14-18 book-building period
The pricing of SAR25 per share implies a market valuation of around SAR8.3bn at listing
The offering marks EFG Hermes’ fifth IPO this year and is the latest in a series of transactions the investment bank has advised on in the GCC region
The logistics firm set the price range at SAR98 and SAR106 per share, implying a market capitalisation on listing of as much as SAR8.5bn
These indices will serve as reference points for various investment products, aiding institutional investors in monitoring the performance of market segments
The shareholders are offering 24 million shares in the cargo firm, equivalent to 30 per cent of the paid-up capital post-listing
The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index
The milling company said big investors placed orders worth SAR68.8bn, almost 69 times more than was available to them
The company plans to use the net proceeds from the share sale to strengthen its capital base to support future growth
The company secured approval from the Saudi Capital Market Authority to offer 21,000,000 shares, representing 30 per cent of its issued share capital
The index will track the performance of companies listed as Shariah-compliant on the Saudi stock exchange
The new contracts mark the second derivatives product to be introduced in the exchange