Riyadh - Mubasher: Al Masane Al Kobra Mining Company (AMAK) has set the final price for its initial public offering (IPO) at SAR 63 per share.
The company has completed the book-building process for the participating parties tranche, with its orders reaching around SAR 91.8 billion, according to a bourse filing on Monday.
Meanwhile, the company will offer a maximum of 5.94 million shares, representing 30% of the total offer shares, to the individual investor tranche whose subscription process starts on 9 March and ends on 11 March.
Al Rajhi Capital is the financial advisor, bookrunner, lead manager, and underwriter on the IPO.
It is noteworthy to mention that in February 2022, Al Rajhi Capital announced the IPO price range for AMAK at SAR 58-63 per share.
