Announcement of the final price for the initial public offering Of Saudi Manpower Solutions Company
| Element List | Explanation |
|---|---|
| Announcement Detail | SNB Capital in its capacity as the Lead Manager, Financial Advisor, Book-runner and Underwriter, on the potential initial public offering of Saudi Manpower Solutions Company (“SMASCO” or the “Company”) announces on behalf of the Company the successful completion of the book-building process for the Participating Parties tranche and the setting of the final offer price at SAR 7.50 per share with a coverage ratio of 128x of the total offer shares.
The Individual Investors tranche subscription process will commence on Sunday, 18/11/1445H (corresponding to 26/05/2024G) and ends at 5:00 PM KSA time on Monday, 19/11/1445H (corresponding to 27/05/2024G). A maximum 12,000,000 Offer Shares, representing 10% of the total Offer Shares, will be allocated to Individual Investors.
For more information, and for the prospectus, please visit the Capital Market Authority website (www.cma.org.sa) and the Company website (www.smasco.com). |
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