Edaa deposits TAM Development subscribed securities today

11/06/2023 Argaam
Logo ofTAM Development Co.

Logo of TAM Development Co.

The Securities Depository Center Co. (Edaa) announced the deposit of TAM Development Co.’s subscribed securities into the accounts of eligible securities’ holders today, June 11, according to a statement to Tadawul.

 

TAM Development finalized the initial public offering (IPO) of 585,600 shares, representing 16% of its capital. The final offer price was set at SAR 130 per share.

 

The IPO was covered by 140.70% during the subscription period from May 21-25.

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