Here’s a list of receiving banks for MARAFIQ IPO

Retail investors start today, Oct. 26, subscription to 21.39 million shares of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) at SAR 46 per share. The price was set through the book-building process.

According to data available on Argaam, MARAFIQ floated 73.09 million shares, or 30% of its SAR 250 million capital, in an initial public offering (IPO).

The list of the receiving banks for the IPO includes Riyad Bank, Saudi British Bank (SABB), Saudi National Bank (SNB), Al Rajhi Bank and Banque Saudi Fransi.

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