Morabaha Marina sets SAR 14.60/shr final offer price

22/05/2023 Argaam

Morabaha Marina sets SAR 14.60/shr final offer price

Logo of Morabaha Marina Financing Co.

Morabaha Marina Financing Co. (MMFC) set the final offer price at SAR 14.60 per share, according to the updated prospectus.

 

This is the highest in the price range set by the company on May 15, which was between SAR 13.00-14.60.

 

The company added that subscription by participating categories reached 401% of total offered shares.

 

The book-building process for institutional investors ran from May 14-18.

 

MMFC plans to offer 21.4 million shares, or 30% of its SAR 714.29 million capital, after a capital top-up. The shares on offer represented nearly 42.86% of the company’s SAR 500 million capital before this hike.

 

The retail offer will run from May 28-29.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read