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Saudi exchange’s parallel market to see two new listings on Feb. 7

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Sun, 2022-02-06 11:15

RIYADH: As the wave of initial public offerings continues, Saudi Arabia’s stock exchange will see two new listings on its parallel Nomu market on Monday, Feb. 7, as announced by the bourse.

The first company to debut, Gas Arabian Services, had finalized the qualified investors’ book-building with a coverage of 47.58 times the total shares offered.

Consequently, the final offer price was fixed at SR90 ($24) per share.

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