The Saudi Stock Exchange (Tadawul) announced that the IPO shares of Electrical Industries Company have been deposited into applicable investors’ portfolios on Tuesday December 02, 2014.
The Company recently sold 13.5 million shares representing 30% of the capital in an IPO for SAR 54 per share. 50% of IPO shares were allocated to institutional investors and 50% to Saudi retail investors.
According to data available on “Argaam”, 1.74m investors subscribed to the IPO raising an amount of SAR 1.9bn with a coverage ratio of 522.7%. 3 shares were allotted to each investor increasable according to the number of requests.
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