Arabian Centres allots all shares in retail offering

22/05/2019 Argaam

 

Arabian Centres Co. on Tuesday allotted all shares of retail investors in its initial public offering (IPO) without refunds, Samba Capital said in a statement.

 

Samba Capital & Investment Management Co. is the financial advisor, bookrunner, lead manager and sole underwriter for Arabian Centres.   

 
The retail offering closed on May 14, with retail investors subscribing fully to 9.5 million shares at SAR 26 each, or 10 percent of offered shares. 


The Securities Depository Center Company (Edaa) on May 20 added the subscribed shares in Arabian Centres into investor accounts.


Arabian Centres stock will debut on Tadawul today under the symbol 4321.

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