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<\/span><\/figcaption><\/figure>DUBAI: Saudi Arabian digital security<\/a> firm Elm<\/a>, owned by the kingdom's sovereign wealth fund, is set to raise 3.07 billion riyals ($818 million) after pricing its initial public offering at the top of its indicative price range. Elm on Sunday priced the deal at 128 riyals a share, against an indicative price of 113 to 128 riyals per share. It is selling 24 million shares in the deal or 30% of its share capital.

Elm provides secure e-business services and
information technology<\/a>, as well as project support services and government project outsourcing in Saudi Arabia, according to its website.

Saudi Arabia has had a surge in IPOs since it listed oil giant Saudi Aramco in a record $29.4 billion listing in 2019.

Saudi Arabia is also encouraging more family-owned companies to list in a bid to deepen its capital markets under a reform push aimed at cutting the kingdom's reliance on oil revenues.

The sale of Elm's stake by the $480 billion
Public Investment Fund<\/a> is another move by the fund to monetise some of its assets through the equity capital market. In December, it raised $3.2 billion through the sale of a 6% stake in Saudi Telecom<\/a> in a secondary share offering.

The country's bourse operator Tadawul, which is also partly owned by the
PIF<\/a>, listed last year in a $1.01 billion IPO<\/a>.

Tadawul said in December it had 50 applications from companies for IPOs this year and is considering whether to allow blank-cheque companies, known as SPACs, to list.
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PIF-backed沙特数字安全公司榆树将筹集818美元mln IPO(首次公开募股)

榆树提供安全电子商务服务和信息技术,以及项目支持服务和政府项目外包在沙特阿拉伯,根据它的网站。

  • 更新2022年1月31日08:26点坚持
迪拜:沙特阿拉伯数字安全公司榆树旗下王国的主权财富基金,将筹集30.7亿里亚尔(8.18亿美元)的首次公开发行定价后指导价格区间的顶部。榆树周日交易的定价为每股128里亚尔,针对一个指示性的价格每股113 - 128里亚尔。它将出售2400万股交易或30%的股份。

榆树和提供安全的电子商务服务信息技术以及项目支持服务和政府项目外包在沙特阿拉伯,根据它的网站。

沙特阿拉伯已经激增ipo上市以来的石油巨头沙特阿拉伯国家石油公司在2019年创纪录的294亿美元上市。

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沙特阿拉伯也鼓励更多的家族企业上市,以深化改革下其资本市场推动旨在削减王国的依赖石油收入。

榆树的股份出售的4800亿美元公共投资基金是另一个移动通过其资产基金套现一些股权资本市场。去年12月,筹集了32亿美元通过出售6%的股份沙特电信二次发行新股。

这个国家的交易所运营商Tadawul也部分拥有的论坛去年上市的10.1亿美元首次公开募股

Tadawul去年12月表示,已50应用程序从今年的ipo公司正在考虑是否允许空白支票公司,被称为特定目标,列出。
  • 发表在2022年1月31日08:19点坚持
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<\/span><\/figcaption><\/figure>DUBAI: Saudi Arabian digital security<\/a> firm Elm<\/a>, owned by the kingdom's sovereign wealth fund, is set to raise 3.07 billion riyals ($818 million) after pricing its initial public offering at the top of its indicative price range. Elm on Sunday priced the deal at 128 riyals a share, against an indicative price of 113 to 128 riyals per share. It is selling 24 million shares in the deal or 30% of its share capital.

Elm provides secure e-business services and
information technology<\/a>, as well as project support services and government project outsourcing in Saudi Arabia, according to its website.

Saudi Arabia has had a surge in IPOs since it listed oil giant Saudi Aramco in a record $29.4 billion listing in 2019.

Saudi Arabia is also encouraging more family-owned companies to list in a bid to deepen its capital markets under a reform push aimed at cutting the kingdom's reliance on oil revenues.

The sale of Elm's stake by the $480 billion
Public Investment Fund<\/a> is another move by the fund to monetise some of its assets through the equity capital market. In December, it raised $3.2 billion through the sale of a 6% stake in Saudi Telecom<\/a> in a secondary share offering.

The country's bourse operator Tadawul, which is also partly owned by the
PIF<\/a>, listed last year in a $1.01 billion IPO<\/a>.

Tadawul said in December it had 50 applications from companies for IPOs this year and is considering whether to allow blank-cheque companies, known as SPACs, to list.
<\/body>","next_sibling":[{"msid":89234408,"title":"ITAT allows Vodafone Idea to claim depreciation on spectrum fee","entity_type":"ARTICLE","link":"\/news\/itat-allows-vodafone-idea-to-claim-depreciation-on-spectrum-fee\/89234408","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":89234455,"entity_type":"ARTICLE","title":"PIF-backed Saudi digital security firm Elm set to raise $818 mln in IPO","synopsis":"Elm provides secure e-business services and information technology, as well as project support services and government project outsourcing in Saudi Arabia, according to its website.","titleseo":"telecomnews\/pif-backed-saudi-digital-security-firm-elm-set-to-raise-818-mln-in-ipo","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2022-01-31 08:19:47","lastupd":"2022-01-31 08:26:15","breadcrumbTags":["PIF","public investment fund","saudi telecom","IPO","digital security","information technology","internet","elm"],"secinfo":{"seolocation":"telecomnews\/pif-backed-saudi-digital-security-firm-elm-set-to-raise-818-mln-in-ipo"}}" data-news_link="//www.iser-br.com/news/pif-backed-saudi-digital-security-firm-elm-set-to-raise-818-mln-in-ipo/89234455">