Wrap-up of Arabian Drilling IPO’s key dates

18/10/2022 Argaam
Logo of Arabian Drilling Co. (ADC)

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

 

For More IPOs

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