Gas Arabian Services sets price range for IPO

20/01/2022 Argaam

Logo of Gas Arabian Services 

Gas Arabian Services Co. will launch its initial public offering (IPO) on Nomu - Parallel Market on Sunday, Jan. 23.

 

The company set the price range for its offering between SAR 75 and SAR 90 per share.

 

Gas Arabian will offer 790,000 shares, or 5% of its capital, to qualified investors on Nomu.

 

The Capital Market Authority (CMA) approved, on Dec. 1, the company’s application to offer 5% of its shares on the parallel market.

 

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