Saudi Arabia's Stock Exchange, Tadawul, added on Wednesday the initial public offering (IPO) shares of Middle East Paper Co. (MEPCO) into investor portfolios pro rata, the Saudi Stock Exchange said in a statement.
MEPCO’s IPO was 473 percent oversubscribed by 1.34 million retail investors for SAR 851.4 million, according to data compiled by Argaam.
The paper and container board manufacturer allocated four shares for each investor in its IPO. As many as nine shares were offered to two-investor subscription requests, and 194 shares to 42-investor requests.
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