Logo of Arabian Plastic Industrial Co. (APICO)
Yaqeen Capital, as the financial advisor and lead manager on the initial public offering (IPO) of Arabian Plastic Industrial Co. (APICO) on Nomu-Parallel Market, announced the successful completion of the offering of one million shares, representing 20% of the total offering, Yaqeen said in a bourse filing.
|
Offering Details |
|
|
Number of Offered Shares |
1 mln |
|
Percentage of Capital |
20% |
|
Offering Price |
SAR 27 per share |
|
Coverage Ratio |
15.43x |
Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine APICO’s listing date on Nomu.
APICO’s share sale ran between Sept. 11-13, with a price range of SAR 24-27 per share, Argaam earlier reported.
Comments
{{DisplayName}}
{{ElapsedTime}}