Logo of Retal Urban Development Co.
The Securities Depository Center Co. (Edaa) deposited today, June 22, the subscribed securities of Retal Urban Development Co. in the accounts of eligible shareholders, according to a bourse filing.
The company offered 12 million shares, representing 30% of its capital, of which 90% was allocated to participating parties and 10% to retail investors, according to data available on Argaam.
The subscription period for the retail tranche ran from June 5 to 6. Retail investors fully subscribed to 1.2 million shares at SAR 120 each.
The retail offering was 8.88x covered, with a minimum of five shares allocated per retail subscriber.
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