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  • 08-11-21

    Saudi Tadawul Group aims to sell 36 million shares

    (MENAFN) On Sunday, the owner and operator of the Saudi’s stock exchange, Saudi Tadawul Group declared its intention to continue with a primary public contribution after getting regulatory consent.

    The corporate group also stated that it aims to sell 36 million stocks or 30 per cent of its 120 million issued share capital to the community.

    It also added that the corporation’s stocks are going to be listed on the major index of the Saudi Exchange, the largest stock market by market worth in the Arab world, once offering and listing procedures are finished. The listing date was not given yet.

    The firm, that obtained endorsement for the public float from the Kingdom’s Capital Markets Authority on November 4, stated that the last offering price is going to be decided on at the end of the book-building phase. It did not give the timeframe of the book-building development.

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