Logo of Alamar Foods Co.
Alamar Foods Co. successfully completed the book-building process for institutional investors and set the final offer price at the top of range of SAR 115 per share, with a coverage ratio of 47.5x.
The book-building process for participating categories ran from June 20-27.
On June 20, Alamar’s IPO price range was set between SAR 103-115 per share, Argaam reported.
On June 7, the Capital Market Authority (CMA) approved Alamar’s application to offer 10.63 million shares, or 41.7% of the company’s capital to the public. Alamar’s capital stands at SAR 255 million.
The retail offering will run from July 20-21.
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