ADES launches IPO on TASI at $3.33-$3.60 per share

ADES launches IPO on TASI at .33-.60 per share

RIYADH: ADES Holding Co. has unveiled the pricing range for its initial public offering on the Tadawul All Share Index, with shares expected to trade between SR12.50 ($3.33) and SR13.50.

The announcement marks a significant development for the Public Investment Fund-backed oil and gas drilling firm, the company said in a statement.

The book-building process for this IPO is open from Sept. 10-14. 

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