Riyadh Cables retail IPO 671.5% oversubscribed; 8 shares allotted per subscriber

Logo of Riyadh Cables Group Co.

The retail subscription to shares of Riyadh Cables Group Co. was 671.55% oversubscribed, said Riyad Capital, the lead manager, financial advisor and underwriter on the initial public offering (IPO).

 

Each retail investor will receive a minimum of eight shares, while the remainder will be allocated on a pro-rata basis, based on the demand of every subscriber to total shares.

 

Details of Retail IPO

No. of retail subscribers 

382,342

Number of shares offered to retail subscribers 

3.3 mln

Offer price 

SAR 43/share 

Retail coverage 

671.5%

Total value of retail applications 

SAR 952.9 mln 

Allocation 

8 shares (minimum)/individual 

Allocation of remaining shares

Pro-rata at 1.26%
 

The subscription period for retail investors ran from Nov. 21-22. It comprised 3.3 million shares, representing 10% of the total offering, at a final offer price of SAR 43 per share.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request