RIYADH: Abdulaziz & Mansour Ibrahim AlBabtain Co.’s initial public offering price range has been set at SR68-77 ($18-21) per share.
The Riyadh-based firm will conduct a three-day offering period beginning Sunday, Sept. 25, and concluding on Wednesday, Sept. 28, Yaqeen Capital, its financial advisor and lead manager, said in a bourse filing.
The company, known as AlBabtain Food, is offering 544,000 ordinary shares, 16 percent of its capital, for subscription as it seeks to join the Kingdom’s parallel Nomu market.
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