Edaa announces addition of subscribed securities in Al Arabia to securities holders’ accounts

11/11/2021 Argaam

Logo of Al Arabia

The Securities Depository Center Co. (Edaa) announced the addition of the subscribed securities in Arabian Contracting Services Co. (Al Arabia) today, Nov. 11, to the accounts of eligible securities’ holders.

 

According to data compiled by Argaam, from Oct. 26-28, retail investors subscribed to about 1.5 million shares of Al Arabia, at SAR 100/share, determined by the book-building process.

 

Coverage ratio for the company's shares offered to retail investors reached 1,480%. Number of subscribers reached more than 650,000 who invested more than SAR 2.2 billion.

 

A minimum of two shares were allocated to each individual subscriber.

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