GAS Arabian Services IPO price set at SAR 90/share
30/01/2022
Argaam
Logo of GAS Arabian Services
FALCOM financial services, as the financial advisor and lead manager on the initial public offering (IPO) of GAS Arabian Services on Nomu - Parallel Market, announced the completion of the offering, with a coverage ratio of 47.58x, according to a bourse filing.
The final offering price was set at SAR 90 per share, FALCOM added.
The company floated 790,000 ordinary shares, representing 5% its share capital, from Jan. 23 - 27.
FALCOM will finalize the required procedures with the Saudi Stock Exchange (Tadawul) and then determine the date for share listing on Nomu.
Market Indices
TASI
10,878.46
13.89
0.13 %
NOMU
21,500.91
(78.28)
(0.36 %)
Quotes
GAS
16.66
(0.05)
(0.30%)
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