Saudi Arabia falls behind the UAE in terms of IPO proceeds in 3Q
The GCC region recorded seven offerings last quarter
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The GCC region recorded seven offerings last quarter
Proceeds from the sale will be used to shore up the company’s finances
The pricing will see selling shareholders lock in some SAR 397.5 mn in total proceeds
The selling shareholder will pocket all the proceeds
IPO proceeds will be allocated towards the procurement of medical equipment
Shalfa set to raise SAR 38.4 mn in IPO proceeds
IPOs in the Saudi tech sector are relatively uncommon
The company’s shares debuted at SAR 6 apiece
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