Riyadh – Mubasher: Aldukheil Financial Group (AFG) announced that the initial public offering (IPO) price of Group Five Pipe Saudi Company has been set at SAR 35 per share, according to a bourse disclosure on Monday.

The subscription period will be during 14-18 November, the IPO financial advisor AFG noted.

Group Five Pipe Saudi intends to list and trade its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

Last month, AFG said Group Five Pipe Saudi would offer 2.8 million ordinary shares, representing 10% of the total shares.