AMAK retail offering starts today

09/03/2022 Argaam Special
Logo of Al Masane Al Kobra Mining Co.

Logo of Al Masane Al Kobra Mining Co.

Al Masane Al Kobra Mining Co.’s (AMAK) retail offering will start today, March 9, as 5.94 million shares will be floated at SAR 63 a share.

 

The retail subscription period will run for three days, until March 11.

 

The company plans to offer 19.8 million shares, or 30% of its SAR 660 million capital, for retail investors, and 70% for institutions.

 

Key Dates

Retail Subscription Period

3 days (March 9 -11)

Deadline for Offering Applications & Retail Subscription

March 11

Share allocation

March 15

Surplus Refund

March 17

Expected Share Trading Date

After finalizing all relevant procedures and obtaining regulatory approvals

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