Today, the listing and trading of Alamar Food Company begins in the main Saudi market with the trading code 6014 and the international code SA15JHPITV18.
And according to Arab Net, Saudi Tadawul stated in a previous statement that the daily price fluctuation limits for Al-Amar stock will be +/-30%, with the application of fixed price fluctuation limits at +/-10%.
She added that these limits will be applied only during the first three days of listing, and starting from the fourth trading day, the daily price volatility limits will be reset to -/+ 10%, and the fixed price volatility limits will be abolished.
HSBC Saudi Arabia, in its capacity as the financial advisor, bookrunner, lead manager and underwriter in the initial public offering of Al-Amar Food Company, announced the completion of the offering process for the retail segment with a coverage ratio of 6.9 times, and the allocation of a minimum of 6 shares to each individual subscriber included in the Subscription request.
HSBC said that the remaining shares will be allocated on a pro-rata basis based on the volume of each subscriber's request to the total remaining shares required to be subscribed, with an allocation rate of 0.7698% on a pro-rata basis.
She added that the fractional shares have been collected and allocated in a descending manner, starting with the highest requests, at the rate of one share for each request until it is exhausted.
The company offered about 10.63 million shares, representing 41.7% of the company's capital, 90% of which were allocated to the participating institutions segment and 10% to the individuals segment.
The individuals segment subscribed to the entire shares allocated to this category, amounting to about 10.6 million shares, representing 10% of the total offered shares, at a price of 115 riyals per share, through the receiving entities.
The number of individual participants amounted to 169,073 subscribers, and the total value of individual requests amounted to about 847.2 million riyals.
