The price range for Saudi Arabia’s Fourth Milling Company IPO has been set between 5 riyals and 5.3 riyals per share, according to a stock exchange filing. This would enable the company to raise between 810 million riyals ($215.84 million) and 858.6 million riyals ($228.80 million), depending on the final price. The company plans to offer a 30% stake, which equates to 162 million shares, as it prepares to list on the Saudi bourse.

Riyad Capital, serving as the financial adviser and lead manager for the IPO, confirmed that the bookbuilding period will take place from September 15 to 19. This listing is part of a broader trend of companies going public in the Gulf region.