Umm Al Qura IPO price range on TASI set at SAR 14-15/share

16/02/2025 Argaam
Logo ofUmm Al Qura for Development and Construction Co.

Logo of Umm Al Qura for Development and Construction Co. 

The price range of Umm Al Qura for Development and Construction Co.’s initial public offering (IPO) on the Main Market (TASI) is set at SAR 14-15 per share, according to Albilad Capital, the financial advisor of the potential IPO.

 

Albilad Capital, GIB Capital, and Al Rajhi Capital are the joint financial advisors, while Albilad Capital, GIB Capital, Al Rajhi Capital and Alinma Investment are bookrunners and underwriters, the according to a Tadawul statement.

 

The book-building period for qualified investors will run from Feb. 16 to 20.

 

For More IPOs

 

The company will float 130.79 million shares, or 9.09% of its post-IPO capital of SAR 14.39 billion and 10 % of its pre-IPO capital on TASI. The share sale will run for three working days from March 5-9.

 

A total of 13.08 million shares will be allocated to retail investors, representing 10% of the IPO shares.

 

The company's pre-IPO capital stands at SAR 13.08 billion, divided into 1.31 billion shares, with a nominal value of SAR 10 each.

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