Edaa deposits Alamar Foods’ subscribed securities today

Logo of Alamar Foods Co. 

The Securities Depository Center Co. (Edaa) deposited today, Aug. 7, Alamar Foods Co.’s subscribed securities into the accounts of eligible shareholders, according to a bourse filing.

The Capital Market Authority (CMA) approved, on June 7, the application filed by Alamar to float 10.63 million shares, representing 41.7% of its capital, in an initial public offering (IPO), Argaam reported.

Retail investors started, on July 20, subscription to 1.06 million shares, or 10% of total shares offered at SAR 115 each, set through the book-building process.  

The subscription was 6.9% covered and six shares minimum were allotted to each retail subscriber.  

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