The price range for Saudi Arabia's Fourth Milling Company's upcoming initial public offering (IPO) has been set at between 5 riyals and 5.3 riyals a share, according to a stock exchange filing on Sunday.
That would allow the company to raise between 810 million riyals ($215.84 million) and 858.6 million riyals ($228.80 million) depending on the price.
The company said this month it planned to list a 30% stake, comprising 162 million shares, on the Saudi bourse, adding to a string of listings in the Gulf country.
The bookbuilding period for the IPO will run from Sept. 15 to Sept. 19, said the statement from Riyad Capital, the company's financial adviser and lead manager.
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