Exclusive sources for CNBC Arabia: Pricing the offering of ACWA Power Saudi Arabia at the maximum price range and raising $1.2 billion | Corporate News

0
22


Banking sources told CNBC Arabia that the pricing of ACWA Power’s IPO in the Saudi market has been set at the maximum price range at 56 riyals per share.

The sources added that the company will raise about $1.2 billion from the offering, or the equivalent of 4.55 billion riyals, by selling about 81.2 million shares, or about 11% of the company’s shares.

Earlier this month, banking sources told CNBC Arabia that the institutional offering in a company was covered within a few minutes of opening the door to investors.

The process of building the order book in front of the institutions ended earlier today, Monday, while the process of building the order book for individuals will end on the 4th of next October.





LEAVE A REPLY

Please enter your comment!
Please enter your name here