AlBabtain Food’s IPO 648.98% oversubscribed, final offer price set at SAR 77/share

03/10/2022 Argaam

AlBabtain Food’s IPO 648.98% oversubscribed, final offer price set at SAR 77/share

Logo of AlBabtain Food

Yaqeen Capital, as the financial advisor and lead manager on the initial public offering (IPO) of AlBabtain Food Co. on Nomu-Parallel Market, announced the successful completion of the offering of 544,000 shares, representing 16% of the company’s capital.

 

The final offer price was set at SAR 77 per share.

 

The offering was 648.98% oversubscribed, Yaqeen said in a bourse filing.

 

Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine AlBabtain Food listing date on Nomu.

 

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