Almunajem’s final IPO price set at SAR 60/shr

Almunajem’s final IPO price set at SAR 60/shr

The final price of Almunajem Foods Company’s initial public offering (IPO) has been set at SAR 60 per share, HSBC Saudi Arabia announced on Thursday. The institutional book-building process has been completed and oversubscribed 176 times. The total IPO size sands at SAR 1.08 billion ($288 million), comprising 18 million ordinary shares. In a statement to the Saudi Exchange (Tadawul), said: HSBC Saudi Arabia, the IPO’s financial advisors, bookrunner, lead manager, and underwriter, announced earlier this month that the .