Saudi Arabia News
Al Majeed for Oud to List on Saudi Main Market Starting October 7
Saudi shares Set at SAR 94 ($25.05) After Successful IPO Book-Building
Al Majeed for Oud to List on Saudi Main Market Starting October 7
October 3, 2024
Perfumer Al Majeed for Oud Company shares will list and begin trading on the Saudi Main Market from October 7.
The closing price for its IPO is set at SAR 94 ($25.05).
The daily and fixed price volatility limits of the stock will be +/-30% and +/-10% respectively, the Saudi Exchange (Tadawul) said in a statement.
The company’s book-building period ended on August 29, at 156.5 times.
In August, the company announced its intention to proceed with an IPO of 30% of its issued share capital.
BSF Capital has been appointed as the financial advisor, lead manager, bookrunner and underwriter for the IPO.
