GAS Arabian Services IPO price set at SAR 90/share

30/01/2022 Argaam
Logo ofGAS Arabian Services

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.

 

To Review More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.