The Electric Industries Company (EIC) will kick off on Tuesday its initial public offering, where 13.5 million shares, 30 percent of capital, will be floated on a 50-50 basis for retail and corporate investors.
Share price was set at SAR 54 during the booking building process.
Receiving banks will be Banque Saudi-Fransi, Riyad Bank, Samba Financial Group, Saudi-Hollandi Bank, the National Commercial Bank (NCB), Saudi-British Bank (SABB) and Al-Rajhi.
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