Al Moammar Information’s IPO book-building starts today

27/02/2019 Argaam

Saudi Fransi Capital, the financial advisor and lead manager of Al Moammar Information Systems Co.’s initial public offering (IPO), has started today the institutional book-building process, according to a bourse filing.

 

The company will float 4.8 million of its shares in a public offering. The retail offering will run from March 17-21, 2019. The IPO targets two tranches, including institutional and retail investors.

 

Institutional investors include all categories of investors entitled to participate in the book-building process. The company will offer 4.8 million shares to institutional investors.

 

Retail investors include Saudi and GCC individual investors. Up to 10 percent of the offering size (480,000 shares) will be allocated to individuals.

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