MEPCO shares to debut on Tadawul May 3

30/04/2015 Argaam
Middle East Paper Co. (MEPCO) will start trading on the Saudi Arabian Exchange as of Sunday in the industrial investment sector, Tadawul said in a statement on Thursday.
 
MEPCO’s stock fluctuation limit will stand at 10 percent. 
 
Retail investors subscribed for six million shares in the paperboard producer’s initial public offering that took place from April 8 to 14, Argaam data showed. 
 
MEPCO’s share sale was 473 percent oversubscribed by 1.34 million retail investors for SAR 851.4 million.
 
The company, which is one of the largest container board producers in the region, 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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