Logo of Retal Urban Development Co.

Retal Urban Development Co., which will list shares on Tadawul, completed its retail offering and allocated a minimum of five shares per retail subscriber, SNB Capital, the financial advisor, lead manager, bookrunner, and underwriter on the IPO announced. The remaining shares will be allocated on a pro-rata basis, based on the demand size of every subscriber to total shares. The allocation ratio is 0.364%. 

 

Retail Offering Highlights

Total number of offer shares

12 mln

Percentage of capital

30%

Shares allocated to retail investors

1.2 mln

Number of retail subscribers

233100

Offer price

SAR 120

Retail offer coverage

8.88x

Total value of retail subscriber orders

SAR 1.278 bln

Allocation

A minimum of five shares

Allocation of remaining shares

0.364% on a pro rata basis

Surplus refund

No later than June 15

 

The company offered 12 million shares, representing 30% of its capital, of which 90% was allocated to participating parties and 10% to retail investors.

 

The subscription period for the retail tranche ran through June 5-6. Retail investors fully subscribed to 1.2 million shares at SAR 120 each. 

 

For More IPOs 

IPO details

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