Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range per share between SR95 and SR105.
Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering, while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors, book-runners, global coordinators and underwriters on the offering of 36 million shares of Saudi Tadawul Group Holding Co., it said in a filing today.