Tanmiah Lists On Saudi Exchange After Heavily Oversubscribed IPO; Investors Show High Level Of Confidence In Leading Saudi Food Producer
Tanmiah Food Company(“Tanmiah”)has listed on the Saudi Exchange following a successful IPO in which its shares achieved an institutional coverage ratio of 9,534% and a retail coverage ratio of 1,170%. The shares were offered to institutions and individuals at SAR 67, at the top of the range previously set at SAR 59-67. The sale of
