Naqi Water's production line
The Securities Depository Center Co. (Edaa) announced the addition of the subscribed securities in Naqi Water Co. today, Aug. 10, to the accounts of eligible securities’ holders.
According to data compiled by Argaam, the company offered six million ordinary shares, representing 30% of its capital, on the Saudi Exchange (Tadawul).
Naqi allocated 90% of the offer shares for participating categories, while the remaining 10% were allocated for retail investors.
The retail offering ran through July 27-28.
|
IPO Details |
|
|
Number of shares offered |
6 mln |
|
Shares allocated for retail investors |
600,000 |
|
Offering price |
SAR 69 |
|
Coverage ratio |
13.5x |
|
Allocation |
Two shares minimum |
|
Allocation of remaining shares |
On a pro rata basis at 1.79571% |
|
Total value of retail orders |
SAR 560.1 mln |
|
Surplus refund |
No later than Aug. 4 |
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