Announcement of the final price for the initial public offering Of Saudi Manpower Solutions Company

Announcement of the final price for the initial public offering Of Saudi Manpower Solutions Company



Announcement Detail

SNB Capital in its capacity as the Lead Manager, Financial Advisor, Book-runner and Underwriter, on the potential initial public offering of Saudi Manpower Solutions Company (“SMASCO” or the “Company”) announces on behalf of the Company the successful completion of the book-building process for the Participating Parties tranche and the setting of the final offer price at SAR 7.50 per share with a coverage ratio of 128x of the total offer shares. The Individual Investors tranche subscription process will commence on Sunday, 18/11/1445H (corresponding to 26/05/2024G) and ends at 5:00 PM KSA time on Monday, 19/11/1445H (corresponding to 27/05/2024G). A maximum 12,000,000 Offer Shares, representing 10% of the total Offer Shares, will be allocated to Individual Investors. For more information, and for the prospectus, please visit the Capital Market Authority website (www.cma.org.sa) and the Company website (www.smasco.com).

Announcement of the final price for the initial public offering Of Saudi Manpower Solutions Company