The Saudi Rasan Information Technology Company intends to offer 22.74 million shares on the Tadawul Stock Exchange, 10 percent of which will be allocated to individual subscribers, at the price of SAR 35-37 riyals per share. MAGNiTT research company estimated that the market value of Rasan would reach around $750 million, after the expected offering of 30 percent of its capital in the main Saudi market (Tadawul), thus becoming one of the sector’s largest companies in the region. Read this story
