Riyadh - Mubasher: Saudi Tadawul Group Holding Company has set the final offer price for its initial public offering (IPO) at a price of SAR 105 per share.

The IPO order book was 121 times oversubscribed to secure SAR 458 billion, according to a recent bourse filing.

The market capitalisation on the listing date will remain at SAR 12.6 billion ($3.36 billion).

The individual investors will be subscribed starting from Tuesday, 30 November, to Thursday, 2 December, with maximum offer shares of 10.8 million, accounting for 30% of the total offer shares.

It is noteworthy to mention that on 3 November 2021, the Capital Market Authority (CMA) has granted its green light for the IPO of Saudi Tadawul Group to list offer 36 million shares.