Logo of Arabian Contracting Services Co. (Al Arabia)
Retail investors start, today, Oct. 26, subscription to 1.5 million shares of Arabian Contracting Services Co. (Al Arabia), at SAR 100 a share.
Subscription period for the IPO will continue for three days until Thursday, Oct. 28.
On June 28, the Capital Market Authority (CMA) approved Al Arabia’s request to sell 15 million shares, or 30% of its capital, in an IPO.
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Key IPO Dates |
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IPO period for retail investors |
3 days from Tuesday, Oct. 26 until the end of Thursday, Oct. 28 |
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End of retail investors IPO |
Oct. 28, 2021 |
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Final allotment |
Nov. 4, 2021 |
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Surplus repayment (if any) |
Nov. 4, 2021 |
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Expected date for the beginning of shares trading |
Upon fulfilling all requirements and related regulatory procedures. |
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