Aluminium producer Talco announces Saudi IPO

Aluminium producer Talco announces Saudi IPO

Aluminium producer Al Taiseer Group Talco Industrial Company (Talco) is the latest entity to reveal initial public offering (IPO) plans in Saudi Arabia. The Riyadh-based company, which was set up in 2009, is offering 12 million shares, a 30 percent stake, on the Saudi Exchange (Tadawul) at a nominal value of SAR10 ($2.67) per share. […]

Riyadh company offering 30% stake

Saudi dominates Mena IPO scene

21 listings announced this year

Aluminium producer Al Taiseer Group Talco Industrial Company (Talco) is the latest entity to reveal initial public offering (IPO) plans in Saudi Arabia.

The Riyadh-based company, which was set up in 2009, is offering 12 million shares, a 30 percent stake, on the Saudi Exchange (Tadawul) at a nominal value of SAR10 ($2.67) per share.

Registration and book-building will take place from May 20-23 after which the IPO price will be determined. The retail investor share sale will be held from May 28-29.

NewsletterGet the Best of AGBI delivered straight to your inbox every week

Plans to list were approved by Saudi Arabia’s capital markets authority (CMA) in December last year.

Saudi Arabia is experiencing a rush of public listings. Earlier this week it was revealed that the listing of healthcare conglomerate Fakeeh Care Group was 119 times