MARAFIQ issues supplementary prospectus, extends subscription period

20/10/2022 Argaam

MARAFIQ issues supplementary prospectus, extends subscription period

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

Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) announced today, Oct. 20 its supplementary prospectus to float 73.09 million shares in an initial public offering (IPO) on the Saudi Exchange (Tadawul).

 

The utility company extended the subscription period to Oct. 30 instead of Oct. 29. Accordingly, the allocated and surplus refund dates were also changed to Nov. 3 and 7, respectively.


The supplementary prospectus also included some amendments to the group’s operations, as well as its financial and operational statements for more accurate clarification.

 

MARAFIQ earlier set the initial public offering (IPO) price range of SAR 41-46 per share. The book-building process was completed on Oct. 14, Argaam reported.

 

For More IPOs

Supplementary Prospectus

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