Tamkeen, a prominent company in Saudi Arabia’s human resources sector, has finalized its IPO offer price at SAR 50 per share after a successful institutional bookbuilding phase, with subscription coverage reaching an impressive 1382 times the amount offered.
A total of 795 million shares have been listed on the Main Market, constituting 30% of Tamkeen’s SAR 265 million capital. For individual retail investors, up to 159 million shares, or 20% of the offering, are available. Retail subscriptions will be open from November 5-6, 2024. Investors can subscribe to the IPO through the Sahm App, which provides real-time updates throughout the process, ensuring that retail investors are well-informed at every stage.
The Sahm App offers a wealth of information related to IPOs, including current offerings and upcoming listings, alongside educational resources to guide new investors. By consolidating various financial services on a single platform, the app allows users to manage their portfolios and trade effectively, making it one of the leading finance applications in Saudi Arabia.
Sahm Capital, based in Riyadh, is fully licensed by the Capital Market Authority (CMA) and is recognized as a pioneering fintech company in the region.
