RIYADH: Saudi Alamar Foods Co. has set its initial public offering price range at SR103-115 ($27-31) per share aiming to participate in this year’s IPO boom.
The Fast-food franchiser will offer 10.6 million ordinary shares, representing 42 percent of its capital, a bourse filing said.
While individual inevstors will be offered 1.06 million shares out of the total, the rest will go to institutional investors.
Institutional participants must apply for a minimum of 100,000 shares, while the maximum number of shares is around 1.3 million.
Final pricing will be determined after the book-building process, which starts on June 20 and ends on June 27.
