Wrap-up of MARAFIQ IPO’s key dates

26/10/2022 Argaam

Wrap-up of MARAFIQ IPO’s key dates

Logo of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ)

Retail investors start today, Oct. 26, subscription to 21.93 million shares of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) at SAR 46 per share.

 

The two-day retail subscription period will close on Oct. 30. 

 

The company floated 73.09 million shares in an IPO, representing 30% of its capital. It allocated 30% of the offer shares to retail investors and 70% to institutional investors.

 

Key IPO Dates

Subscription period for retail investors

Oct. 26-30

End of retail offering

Oct. 30

Final allocation

Nov. 3

Surplus refund (if any)

Nov. 7

Expected date for the beginning of shares trading

Upon fulfilling all requirements and related regulatory procedures

 

For More IPOs

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