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VCCircle
| 11dSaudi Arabia's SMASCO aims to raise $240 mn via IPO
Saudi Arabian staffing company, SMASCO, plans to raise up to $240 million through its initial public offering (IPO) on the Riyadh stock exchange. The IPO will offer 120 million shares, equivalent to a 30% stake, with an indicative price range of 7-7.5 riyals per share. The final pricing will be determined at the end of the book-building period, and the announcement is expected on May 19th.
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