Second phase of Ma’aden’s IPO commences today

30/11/2014 Argaam

The second phase of the IPO of the Saudi Arabian Mining Company (Maaden) begins today, November 30, 2014, and continues till December 2, 2014.
 

It is allowed during second tranche for all right holders whether shareholders or investors who bought the rights from the market to exercise their right to subscribe for new shares but rights are not allowed to be traded within this phase.


During the first IPO phase which ended on November 27, 2014 it was allowed to registered shareholders and public investors to trade their rights in accordance with the new tradable rights framework by Tadawul.

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