Logo of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ)
Retail investors start today, Oct. 26, subscription to 21.93 million shares of Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) at SAR 46 per share.
The two-day retail subscription period will close on Oct. 30.
The company floated 73.09 million shares in an IPO, representing 30% of its capital. It allocated 30% of the offer shares to retail investors and 70% to institutional investors.
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Key IPO Dates |
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Subscription period for retail investors |
Oct. 26-30 |
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End of retail offering |
Oct. 30 |
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Final allocation |
Nov. 3 |
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Surplus refund (if any) |
Nov. 7 |
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Expected date for the beginning of shares trading |
Upon fulfilling all requirements and related regulatory procedures |
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