CGS Holding Sets IPO price Range as TASI Listing Looms
RIYADH – Gronenfelder Saadi Holding Union (CGS) has announced a price range of 9.50 to 10.00 Saudi Riyals per share for its potential initial public offering (IPO) on the Tadawul All Share Index (TASI),according to a statement released today. Al Jazira Capital is serving as the financial advisor,subscription manager,and underwriter for the offering,with Arqaam Capital Financial Company acting as an institutional bookrunner.
The planned IPO will see 30 million CGS shares – representing 30% of the company’s 100 million Riyal capital – offered to the public. This listing provides investors an chance to participate in the growth of CGS, a notable player in[insertCGS’sindustry/sector-[insertCGS’sindustry/sector-[insertCGS’sindustry/sector-[insertCGS’sindustry/sector-this facts is missing from the source and woudl be crucial for a complete article]. The book-building process for participating categories began today and will continue until November 11, 2025.
Following the institutional book-building period, the offering will open to individual investors on November 26, 2025, and remain open for two days, concluding on November 27, 2025. Each share has a nominal value of one Riyal.
