Riyadh - Mubasher: East Pipes Integrated Company for Industry has set the price of the initial public offering (IPO) at SAR 80 per share.
The company has completed the book-building process for the participating parties' tranche with a coverage of 71.8 times of the total offer shares, according to a bourse filing on Sunday.
A maximum of 630,000 offer shares, representing 10% of the total shares, will be allocated to individual investors.
It is noteworthy to mention that in early January, the company announced its intention to launch an IPO and list 6.3 million ordinary shares, representing 30% of the company's shares, on the main market of the Saudi Exchange (Tadawul).
