Saudi Fransi Capital, the financial advisor, lead manager and underwriter of Abdulmohsen Al-Hokair Group’s IPO, said the number of subscribers to Al-Hokair’s shares increased to 1.68m persons or 328.8 percent by the end of June 3, 2014, the last day of the initial public offering.

 

IPO details at the end of IPO’s

1.68m

 

No. of subscribers

SAR 1356.2m

 

Funds raised

328.8%

 

oversubscription ratio

27.12m shares

 

No. of shares requested
 

The company said that the issuer surplus will be repaid to the investors no later than Tuesday June 10th, 2014.

According to data available by Argaam; Abdulmohsen al-Hokair Group for Tourism and Development sold 16.5 million shares, or 30 percent of the company, in an initial public offering from May 28 to June 3 2014.

Saudi retail investors can buy up to 8.25 million shares or 50 percent of the total shares offered. Offering price is determined at SAR 50 per share through book building process.

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