Today, the process of individual investors’ subscription to Al-Amar Food Company’s shares began in the Saudi main market, and it will continue until tomorrow, Thursday, July 21, 2022.
According to Arabiya Net, the company announced the final price of its initial public offering shares, after successfully completing the process of building the order book for institutions.
The final price of the offering shares was set at the upper end of the price range, which is 115 Saudi riyals per share.
The order book building process was covered 47.5 times of the total shares offered.
The company had announced on June 20 setting the price range between (103 - 115) riyals per share.
The offering process includes about 10,634 million Amar ordinary shares, which represents 41.699% of the company's issued capital, through the sale of existing shares by some of the company's existing shareholders.
Within the institutional segment, the company said that the minimum number of shares that can be subscribed to for the participating classes is 100,000 shares, while the maximum is about 1.275 million shares.
