Logo of Al Masane Al Kobra Mining Co.
Al Masane Al Kobra Mining Co.’s (AMAK) retail offering will start today, March 9, as 5.94 million shares will be floated at SAR 63 a share.
The retail subscription period will run for three days, until March 11.
The company plans to offer 19.8 million shares, or 30% of its SAR 660 million capital, for retail investors, and 70% for institutions.
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Key Dates |
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Retail Subscription Period |
3 days (March 9 -11) |
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Deadline for Offering Applications & Retail Subscription |
March 11 |
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Share allocation |
March 15 |
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Surplus Refund |
March 17 |
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Expected Share Trading Date |
After finalizing all relevant procedures and obtaining regulatory approvals |
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