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Saudi Arabian staffing company SMASCO announced its final IPO price at 7.50 riyals per share via the Saudi Exchange on Sunday. The company aims to raise as much as 900 million riyals ($240 million) in its initial public offering on Riyadh's main bourse, it said earlier this month. SMASCO plans to offer 120 million shares representing a 30% stake. Reuters reported. The individual investors subscription process will begin next Sunday and end next Monday, the statement said, with 10% of total shares available to individual investors.

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