SMASCO’s Final Offering Price Is Announced: SAR 7.5 Per Share

We at SMASCO, the Saudi Company for Manpower Solutions, are pleased to announce the completion of the book building process for investing companies and the determination of the final IPO in the main Saudi market, to be SAR 7.5 per share. 

The coverage rate was 128 times the total shares offered, reaching 115 billion riyals, with an exceptional turnout from the investing companies in the book-building process.

As for the individual segment subscription, it starts from Sunday, May 26 to Monday, May 27, so that the investing individuals can subscribe with the same price determined; and the final number of offering shares will be allocated based on individual investors’ subscriptions.

For investors and media inquiries, Alahli is the financial advisor, underwriter, and coverage contractor for SMASCO’s first IPO.