Tamkeen sets TASI IPO price range at SAR 46-50/shr

The book-building period for the institutional tranche started today, Oct. 13, and will end on Oct. 17.

For More IPOs

The company recently announced the prospectus for offering 7.95 million shares on TASI, Argaam reported.

The shares on offer represent 30% of the company’s SAR 265 million capital, divided into 26.5 million shares with a nominal value of SAR 10 each.

Retail subscription is scheduled for Nov. 5-6, 2024.

Eligible for subscription:

Participating Categories: Includes investment funds, companies, qualified foreign institutions, and foreign investors via swap agreements. Initially, 7.95 million shares (100%) will be allocated to this tranche, which can be reduced to 6.36 million shares (80%) if retail demand is high.

Retail Investors: Includes Saudi individuals, non-Saudi residents, and GCC nationals with bank accounts at receiving entities. A maximum of 1.59 million shares (20%) will be allocated.

Tamkeen specializes in workforce solutions, offering customized recruitment services to companies and individuals across Saudi Arabia.