‎Alsaif Gallery items IPO label differ at SAR 100-115/part


Alsaif Gallery sets IPO price range at SAR 100-115/share

Alsaif Gallery Label

Al-Saif Stores for Style & Investment Co. (Alsaif Gallery) field the preliminary public offering (IPO) label differ at SAR 100-115 per part, the firm said in an announcement purchased by Argaam.

The book-building process for institutional investors begins on the present time, Nov. 22, and must soundless proceed till Nov. 28.

The firm plans to head with the circulation 10.5 million shares on the Saudi Change (Tadawul).

The planned-to-be-offered stake represents 30% of the firm’s part capital reaching 35 million shares.

The retail offering will accelerate from Dec. 5-6. Retail investors will subscribe to 1.05 million shares, or 10% of the provide dimension.

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