Tadawul adds MEPCO IPO shares to investor portfolios

29/04/2015 Argaam

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.

 

IPO

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