‎Retail subscription for Saudi Home Loans IPO starts today

‎Retail subscription for Saudi Home Loans IPO starts today

Retail investors will start today, March 27, subscription to Saudi Home Loans Co.’s (SHL) about 3 million shares, or 10% of total shares offered, at SAR 20 each, as set by the book-building process.

The Capital Market Authority (CMA) approved in December 2021 the company's request to float a 30% stake, or 30 million shares in an initial public offering (IPO).

The retail tranche subscription process will run for three days until March 29.

The company’s institutional offering, which ended last week, was 50x covered.

This will be the seventh listing on the main market in 2022, after East Pipes Integrated Company for Industry on Jan. 24, Scientific & Medical Equipment House Co. on Jan. 31, Elm Co. on Feb. 3, Al-Dawaa Medical Services Co. on Feb. 27, Al Masane Al Kobra Mining Co. (AMAK) on March 9, and Nahdi Medical Co. on March 13.

Last year witnessed nine listings, including Alkhorayef Water and Power Technologies Co. on March 1, Theeb Rent a Car Co. (March 29), Tanmiah Food Co. (Aug. 4), solutions (Sept. 30), ACWA Power (Oct. 11), Arabian Contracting Services Co. (Nov. 15), Nayifat Finance Co. (Nov. 22), Saudi Tadawul Group (Dec. 8), and Almunajem Foods Co. (Dec. 20).

Company Profile

Saudi Home Loans Company