MBC Group IPO: Subscription period, key dates

14/12/2023 Argaam

MBC IPO: Subscription period, key dates

Logo of MBC Group

Retail investors will start today, Dec. 14, subscription to MBC Group’s 3.33 million shares at SAR 25 apiece.

 

 The retail offering will end on Dec. 18.

 

The company offered 33.25 million shares, or 10% of its post-IPO capital, 10% of which were allocated to retail investors and 90% to institutional investors.

 

Key Dates of Subscription

Retail Offering

Dec. 14-18, 2023

Final Date for Subscription

Dec. 18, 2023

Final Allocation

Dec. 21, 2023

Surplus Refunds

Dec. 27, 2023

Expected Date for Share Listing

After completing all related regulatory approvals.

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