Saudi Tadawul Group sets IPO final offer price at top end of range – The National

Saudi Tadawul Group sets IPO final offer price at top end of range – The National

Saudi Tadawul Group, the owner and operator of the kingdom’s stock exchange, set the final price of its initial public offering at the top end of the range, valuing the company at 12.6 billion Saudi riyals ($3.36bn).

The final offer price was set at 105 riyals per share, Saudi Tadawul Group said in a statement on Sunday following the book building process. It had earlier set the price range of its IPO between 95 riyals and 105 riyals per share.

The total order book was 458bn riyals.