Saudi-based Retal Urban Development Company has announced that the price range for its IPO has been set between SR112 ($30) and SR120 ($32) per share. Retal had early this month announced plans to float 30% of its share capital to the public.
Retal Urban Development Company, a next generation real estate development company, intends to proceed with an Initial Public Offering (IPO) and list its shares on the Main Market of the Saudi Stock Exchange.