Alsaif Gallery retail offering 269% covered, 10 shares allocated per subscriber

Logo of Alsaif Gallery

Saudi Fransi Capital, the financial advisor, bookrunner, lead manager, and underwriter on the initial public offering (IPO) of Alsaif Gallery, announced the successful completion of the retail offering. 

 

In a statement, the company added that the offering was 269% covered, as a total of 88,440 Saudi retail investors and expats in the Kingdom and GCC region subscribed to shares worth SAR 325.19 million.  

 

A minimum of 10 shares were allocated per individual subscriber. The remaining shares will be allocated pro-rata, with an allocation factor of 9.9%.

 

IPO Details

No. of retail participants

88,439

No. of shares offered to retail investors

1.05 mln

Offering price

SAR 115

Coverage ratio

269%

Total value of retail orders

SAR 325.19 mln

Allocation

10 shares per subscriber

Allocation of remaining shares

On a pro-rata basis, with an allocation factor of 9.9%

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request