SACO to sell 2.9 mln shares in IPO at SAR 70/each

20/04/2015 Argaam
Saudi Company for Tools and Hardware (SACO) plans to sell 2.9 million shares in an initial public offering on Wednesday at SAR 70 per share
​, HSBC Saudi Arabia said in a statement​
​.
 
The bank
​, which is the financial adviser and lead underwriter of the process,​
 
​said
 
​the ​
IPO 
​is set to 
last until April 28.
 
It added that it's working closely with financial authorities and six receiving banks, which include Saudi British Bank, Al Rajhi Bank, National Commercial Bank, Riyad Bank, Banque Saudi Fransi, and Samba Finance.

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