APICO’s IPO 15.43x covered, final offer price set at SAR 27/share

18/09/2022 Argaam

Logo of Arabian Plastic Industrial Co. (APICO)

Yaqeen Capital, as the financial advisor and lead manager on the initial public offering (IPO) of Arabian Plastic Industrial Co. (APICO) on Nomu-Parallel Market, announced the successful completion of the offering of one million shares, representing 20% of the total offering, Yaqeen said in a bourse filing.

 

Offering Details

Number of Offered Shares

1 mln

Percentage of Capital

20%

Offering Price

SAR 27 per share

Coverage Ratio

15.43x

 

Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine APICO’s listing date on Nomu.

 

APICO’s share sale ran between Sept. 11-13, with a price range of SAR 24-27 per share, Argaam earlier reported.

 

For More IPOs

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