Saudi Home Loans sets IPO price range at SAR 17-20/share

14/03/2022 Argaam
Logo of Saudi Home Loans Co. (SHL)

Logo of Saudi Home Loans Co. (SHL)

Riyad Capital, the financial advisor, bookrunner, lead manager, and underwriter for the potential initial public offering (IPO) of Saudi Home Loans Co. (SHL), announced that the price range has been set at SAR 17-20.

 

In a statement to Tadawul, Riyad Capital said the book-building process for participating parties will run through March 15-21.

 

The retail subscription period will begin on March 27 and end on March 29.

 

The group announced earlier its plans to sell 30 million shares, or 30% of its capital on Tadawul, according to Argaam's data.

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