Published 28 Jun,2021 via Arab News - Economy RIYADH - The Tanmiah Food Co. has started the process of building its order book, ahead of a plan to offer 30 percent of shares through an initial public offering (IPO), Saudi Fransi Capital, the financial advisor for the listing, announced on Sunday.
As part of the IPO, 6 million ordinary shares will be offered to institutional investors, representing 30 percent of the share capital of the company, with the price set between SR59 to 67 ($15.73 to $17.87) per share.
The institutional subscription period will continue until the end of July 1.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Arab News