Edaa deposits Zahrat Al Waha shares into investor accounts

07/09/2017 Argaam

The Securities Depository Center Company (Edaa) said on Thursday it deposited the subscribed shares in Zahrat Al Waha for Trading Co. into the investors’ accounts following the allocation of securities to each subscriber.

 

Zahrat Al Waha floated 4.5 million shares, or 30 percent of capital, during the period from Aug. 13 to Aug. 20, Argaam reported.

 

The IPO was 263.34 percent oversubscribed by retail investors. A total of 49,943 subscribers purchased 2.37 million shares at a total value of SAR 120.87 million, or SAR 51 per share.

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