KSA Business: Tadawul increases size of IPO offering for individual investors – Gulf Digital News

KSA Business: Tadawul increases size of IPO offering for individual investors – Gulf Digital News

Saudi Tadawul Group Holding Company, a leading diversified capital markets group in the Mena region, today announced that it has increased the maximum number of offer shares available to individual subscribers in the company’s initial public offering (IPO).

 

The shares will now rise from up to 3,600,000 (which represent 10% of the total offer shares) to up to 10,800,000 (which represent 30% of the total offer shares), said a statement.

 

The decision comes as part of Saudi Tadawul Group’s efforts to enable higher participation from individual subscribers in the offering and provide access to investment opportunities, it said.

 

CEO Eng Khalid Al Hussan commented: “Our aim is to provide an adequate opportunity to all type of investors in the Saudi equity market to participate in the offering. Individual investors’ demand has been high, as seen during recent IPOs in Saudi Arabia, and we wanted to seize this momentum to encourage diversity in our shareholding structure post listing.

 

“Individual investors have always been at the centre of our strategic initiatives at Saudi Tadawul Group. We have always focused in providing type of investors with attractive and diversified investment opportunities, creating a balanced investment environment that supports the aspirations of individual investors, who make up a