Saudi recruiter iHR sets IPO price at $9 

Saudi recruiter iHR sets IPO price at $9 
The company’s offering coverage was oversubscribed by 19.45 times of total offered shares. (Shutterstock)
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Updated 07 August 2022
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Saudi recruiter iHR sets IPO price at $9 

Saudi recruiter iHR sets IPO price at $9 

RIYADH: International Human Resources Co. has set its offering price at SR34 ($9) per share for its 20 percent public offering to list on the parallel market, Nomu.

Known as Aldawliah, the company’s offering coverage was oversubscribed by 19.45 times of total offered shares, Yaqeen Capital, the financial advisor and lead manager for the offering said in a bourse filing.

Established in 2005, iHR offers human resources solutions and employment-related consultancy to businesses.