MC4 sets IPO price range on TASI at SAR 5-5.3/shr

Fourth Milling Co. (MC4) set the price range for its initial public offering on the Main Market between SAR 5-5.3 per share, Riyad Capital, financial advisor, book-runner, and underwriter, said.

For More IPOs

The book-building process for institutional investors runs from today, Sept. 15 until Sept. 19 at 4:00 pm.

The milling company has offered 162 million shares, or 30% of its share capital, on the Saudi Exchange (Tadawul) at a nominal value of SAR 1 per share.

The retail offering will run from Oct. 2-3.

Nearly 32.4 million shares, or 20% of the shares on offer maximum, will be allocated to individual investors.