Logo of Riyadh Steel Co.
The Securities Depository Center Co. (Edaa) deposited today, Nov. 29, the subscribed securities of Riyadh Steel Co. into the accounts of eligible shareholders, according to a Tadawul filing.
According to data compiled by Argaam, Riyadh Steel offered 1 million shares, representing 20% of its SAR 50 million capital, divided into 5 million shares.
The offer price was set at SAR 17 per share. The offering was 222.56% oversubscribed.
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