Retal’s IPO set at SR120 per share, oversubscribed 62.7 times

SNB Capital Company announced that Retal Urban Development Co. priced its initial public offering at SR120 per share, implying a market capitalization of SR4,800 million.

The book-building process which generated an order book of SR 90.3 billion was oversubscribed by 62.7 times of total offered shares.

The investors will be able to purchase up to 1.2 million shares, representing 10% of the total shares on offer starting from June 5^th 2022, according to a bourse filing.