Logo of Al Masane Al Kobra Mining Co. (AMAK)
Al Masane Al Kobra Mining Co.’s (AMAK) retail offering was successfully completed, with a minimum of four shares allocated to each subscriber, said Al Rajhi Capital, the financial advisor, bookrunner, lead manager, and underwriter of the company’s initial public offering (IPO).
The remaining shares will be allocated on a pro-rata basis, with an allocation rate of 0.766% on a proportional basis.
Fractional shares were descendingly allocated at one share per application order.
The company offered 19.8 million shares, or 30% of its SAR 660 million capital, for retail investors, and 70% for institutions.
Refunds will be paid latest by March 17, 2022.
The retail offering ran through March 9-11, with investors subscribing to about 5.94 million shares, representing 30% of the shares offered, at SAR 63 each.
|
Retail Offering Details |
|
|
Number of Subscribers |
1.37 mln |
|
Offered Shares |
5.94 mln |
|
IPO Price |
SAR 63.00 |
|
Retail Offering Coverage |
10.6x |
|
Total Value of Subscribers’ Applications |
SAR 4 bln |
|
Share Allocation |
Four shares minimum to each subscriber |
|
Allocation on Proportional Basis |
0.766% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}