November 21, 2021
DUBAI (Reuters) – Saudi Tadawul Group, the kingdom’s stock exchange operator, has set an indicative price range for its initial public offering which shows it could raise up to 3.78 billion riyals ($1.01 billion) in the deal.
Saudi Tadawul plans to sell 36 million shares in the price range of 95 riyals to 105 riyals a share, it said in a stock exchange filing.
The final price will be determined after the completion of the book-building process, which begins on Sunday and ends on November 26.
($1 = 3.7504 riyals)
(Reporting by Saeed Azhar; Editing by Michael Perry)