Zahrat Al Waha to start retail offering on Aug 13

10/08/2017 Argaam

Zahrat Al Waha for Trading Co. will start offering 900,000 shares to retail investors beginning August 13, at a price of SAR 51 per share.

 

The offer will run for eight days.

 

Share allotment and refunds payment will be made on August 27.

 

The list of receiving banks includes the National Commercial Bank (NCB), Riyad Bank, Banque Saudi Fransi (BSF) and Samba Financial Group.

 

Saudi Capital Market Authority (CMA) on June 15 approved the company’s request to float 4.5 million shares, representing 30 percent of its capital, in an IPO from August 13 to August 20, Argaam reported. 

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