Saudi recruiter iHR to list its shares on Tadawul early next week

RIYADH: International Human Resources Co. will start trading its shares on the Saudi Exchange on Aug. 22, after completing the offering of a 20 percent stake or 500,000 shares.

The final offer price for listing on Nomu was set at SR34 ($9) per share, following 19.45 times coverage by qualified investors, according to a bourse filing.

The listing of iHR comes amid a spree of companies rushing to sell shares to the public and join the Saudi Exchange, also known as Tadawul.