Alkhorayef Company for Water and Energy Technology has offered 30% of its shares for retail subscription, which will continue for two days ending on February 17, 2021.
The company has allocated 750 thousand ordinary shares, representing 10% of the total shares offered for public subscription, to individual subscribers as a maximum.
The final offer price for Alkhorayef Water and Energy Technology shares is 72 riyals per share.
The minimum for individual subscription is 10 shares or fractional shares, while the maximum limit is 250,000 shares.
and according to Arabiyanet, Saudi Fransi Capital was the financial advisor, lead manager, lead manager of institutional IPO, lead underwriter, and EFG Hermes Saudi Arabia lead manager. The institutions and the underwriter for the public offering of the Alkhorayef Water and Energy Technology Company announced the details of the successful completion of the process of building the order book for the segment of institutions subscribing to the shares of the company successfully and setting the final offer price at 72 riyals per share, with a coverage ratio of 6320% of the total shares offered.
AlKhorayef Water and Energy Technology was established in 1957, and its operational activities are spread in more than 40 countries on 6 continents.
