RIYADH: International Human Resources Co. will start trading its shares on the Saudi Exchange on Aug. 22, after completing the offering of a 20 percent stake or 500,000 shares.
The final offer price for listing on Nomu was set at SR34 ($9) per share, following 19.45 times coverage by qualified investors, according to a bourse filing.
The listing of iHR comes amid a spree of companies rushing to sell shares to the public and join the Saudi Exchange, also known as Tadawul.
This week alone saw three new listings of Naqi Water Co., Saudi Networkers Services Co., and Rawasi Albina Investment Co.
Established in 2005, iHR offers human resources solutions and employment-related consultancy to businesses.