Saudi Company for Hardware (SACO) said that retail investors will have the opportunity on Wednesday to subscribe to 2.88 million shares in an initial public offering.
The retail subscription period will continue until April 28.
As per the prospectus, founders shall not dispose of their shares for nine months from the stock debut date during the restriction period.
They may only dispose of these shares after obtaining prior approval from the CMA.
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Important Dates – SACO IPO |
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Date |
Event |
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April 22, 2015 |
Subscription date |
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April 28, 2015 |
End of Subscription |
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May 5, 2015 |
Allotment date |
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May 5, 2015 |
Refunds |
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