Logo of Arabian Drilling Co. (ADC)
Retail investors start today, Oct. 18, subscription to 2.67 million shares of Arabian Drilling Co. (ADC) at SAR 100 per share.
The two-day retail subscription period will close on Oct. 19.
The company offered 26.7 million shares in an IPO, representing 30% of its capital. It allocated 10% of the offer shares to retail investors and 90% to institutional investors.
Key IPO Dates |
|
Subscription period for retail investors |
Oct. 18-19 |
End of retail offering |
Oct. 19 |
Final allocation |
Oct. 25 |
Surplus refund (if any) |
Oct. 27 |
Expected date for the beginning of shares trading |
Upon fulfilling all requirements and related regulatory procedures |
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