Maharah Human Resource Co.’s offering of 1.125 million shares, or 10 percent of its initial public offering (IPO) to retail investors at SAR 69 per share ends today.

 

Retail offering started on Wednesday, May 8.

 

The Capital Market Authority (CMA) approved on March 31, 2019 Maharah’s request to float 11.25 million shares, or 30 percent of capital.

 

Maharah allocated 10.125 million shares, or 90 percent of the total offering size to institutional investors and funds, and 10 percent for retail investors.

 

Receiving banks are Samba Financial Group, Al Rajhi Bank, Banque Saudi Fransi, Riyad Bank, National Commercial Bank, and Saudi British Bank.

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