Edaa deposits Dr. Sulaiman Al Habib Group’s subscribed securities into shareholders’ portfolios

The Securities Depository Center Company (Edaa) deposited today, March 15, subscribed shares of Dr. Sulaiman Al Habib Medical Group into investors’ accounts, according to a bourse statement to Tadawul.

The initial public offering (IPO) of Dr. Sulaiman Al Habib Medical Group Co. was subscribed around 83 times, as investors injected nearly SAR 217 billion, Argaam reported earlier.

The retail offering ended on Tuesday, March 3, 2020, as 5.25 million shares (or 10% of the total offered shares amounting to 52.5 million) were allocated to the retail investors.

Ten shares minimum were allocated to each retail subscriber, and the remaining shares were allocated pro rata with an allotment ratio of around 8.6%.

The IPO was 8270% oversubscribed (83 times) with funds exceeding SAR 217 billion.