24
Apr
12:40
Al Yamamah Steel establishes share price for IPO
Al Yamamah Steel Industries Company has completed the book-building process in the run up to its initial public offering (IPO) starting on 27 April. This has established a price of SAR 36 ($10) per share, Kallanish learns from investment bank Riyad Capital which has been hired as underwriter.
The IPO, scheduled to last until 3 May, will see the listing of shares representing 30% of the tubemaker and steel fabricator’s capital.
Al Yamamah has a 231,000 t…
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Anonymous
Very good overview of the weekly steel market.
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