Almajed Oud IPO: Subscription period, key dates

15/09/2024 Argaam
Logo ofAlmajed for Oud Co.

Logo of Almajed for Oud Co.

Retail investors will start today, Sept. 15, subscription to Almajed for Oud Co.’s 1.5 million shares at SAR 94 apiece.

 

For More IPOs

 

The retail offering will run for one day.

 

The company offered 7.5 million shares, or 30% of its capital. Retail investors were allocated 20% of total offered shares, and institutions were allocated 80%.

 

Key Dates of Subscription

Retail Offering

Sept. 15, 2024

Final Date for Subscription

Sept. 15, 2024

Final Allocation

Sept. 19, 2024

Surplus Refunds

Sept. 24, 2024

Expected Date for Listing Shares

After completing all related regulatory procedures

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