Edaa adds subscribed securities in Naqi to securities holders’ accounts

10/08/2022 Argaam
Naqi Water's production line

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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