Alamar IPO 47.5x covered, final offer price set at SAR 115/share

03/07/2022 Argaam

HSBC Saudi Arabia, the financial advisor, bookrunner, lead manager, and underwriter on the initial public offering (IPO) of Alamar Foods Co., announced the successful completion of the book-building process for the participating parties’ tranche for the company’s shares.

 

According to a bourse filing, the final offer price was set at SAR 115 per share with a coverage ratio of 47.5 times of the total offer shares.

 

According to data compiled by Argaam, the company offered 10.63 million shares, representing 41.7% of capital, on the Saudi Exchange (Tadawul).

 

The individual investors’ tranche subscription process for 10% of the total offer shares will start from July 20-21.

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.

Most Read