Tadawul announces listing, trading of BinDawood shares to begin tomorrow

20/10/2020 Argaam


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.

Comments {{getCommentCount()}}

Be the first to comment

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.