Logo of Alsaif Gallery
Saudi Fransi Capital, the financial advisor, bookrunner, lead manager, and underwriter on the initial public offering (IPO) of Alsaif Gallery, announced the successful completion of the retail offering.
In a statement, the company added that the offering was 269% covered, as a total of 88,440 Saudi retail investors and expats in the Kingdom and GCC region subscribed to shares worth SAR 325.19 million.
A minimum of 10 shares were allocated per individual subscriber. The remaining shares will be allocated pro-rata, with an allocation factor of 9.9%.
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IPO Details |
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No. of retail participants |
88,439 |
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No. of shares offered to retail investors |
1.05 mln |
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Offering price |
SAR 115 |
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Coverage ratio |
269% |
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Total value of retail orders |
SAR 325.19 mln |
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Allocation |
10 shares per subscriber |
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Allocation of remaining shares |
On a pro-rata basis, with an allocation factor of 9.9% |
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