Tadawul announces listing, trading of BinDawood shares to begin tomorrow

The Saudi Stock Exchange (Tadawul) announced the shares of “BinDawood Holding Co.” will be listed and begin trading from Oct.21, 2020, under the symbol 4161, ISIN Code SA154HG210H6, and with a 10% daily price fluctuation limit per share.

According to data compiled by Argaam, retail investors started, on Oct. 8, subscribing to around 2.29 million shares of BinDawood at SAR 96 each, after completing the institutional book-building process. The retail offering closed on Oct. 12.

A total of 324,050 individual investors injected SAR 3.06 billion to buy shares and was 1,396% oversubscribed.

The process of order book building witnessed applications amounting to SAR 106.9 billion, and the subscription was 4,870% oversubscribed.