Retal shares Shariah-compliant: Albilad Cap

05/06/2022 Argaam

Logo of Retal Urban Development Co.

Shares of Retal Urban Development Co. are classified as Shariah-compliant, with a purification rate of 0.0003, Albilad Capital said on its Twitter account.

 

The company announced that 12 million shares, or 30% of its share capital, will be offered in an initial public offering (IPO), according to data available with Argaam.

 

Retail investors start today, June 5, subscription to 1.2 million of Retal Urban Development Co.’s shares, or 10% of total shares offered, at SAR 120 each, set in the book-building process.

 

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