Saudi Arabian Developer's $336 Million IPO Sells Out in Minutes
The real estate developer's shareholders will sell a 30% stake, or about 90 million shares, at between 13.5 and 14 riyals apiece, the people said, declining to be identified discussing private information. The top end of the range values the firm — better known as Almajdiah — at 4.2 billion riyals.
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