International Human Resources’ IPO 19.45x covered, final offer price set at SAR 34/share

Logo of International Human Resources Co.

Yaqeen Capital, as the financial advisor and lead manager on the initial public offering (IPO) of International Human Resources Co. (Aldawliah) on Nomu-Parallel Market, announced the successful completion of offering of 500,000 ordinary shares, or 20% of the company’s capital.

The offer price was set at SAR 34 per share. The offering was 19.45x covered during the subscription period from July 31-Aug. 2, the brokerage said in a bourse filing today, Aug. 7.

Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine Aldawliah’s listing date on Nomu.

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