East Pipes to debut on Saudi Arabia’s main index TASI Monday

  • 2/13/2022
  • 00:00
  • 3
  • 0
  • 0
news-picture

RIYADH: Saudi East Pipes Integrated Co. will list on Saudi Arabia’s main stock index, TASI, on Monday, Feb. 14, according to a statement by the Saudi exchange. This came after the initial public offering of the company was 71.8 times oversubscribed, setting the final offer price at SR80 ($21.3) per share. SNB Capital, as the financial advisor of the offer, led the book-building process, which started on Jan. 11 and ran through Jan. 17. The offer comprised a total of 6.3 million shares. Established in 2010, Dammam-based East Pipes specializes in manufacturing steel pipes.

مشاركة :