Al-Ahly Capital Company, the IPO manager of Al-Nahdi Medical Company, announced that the subscription of individuals was covered 13 times, with a total request of 6.76 billion riyals.
According to Arabiya Net, the company said that the number of individual participants reached 1,099,863 to subscribe to 3,900,000 shares at a price of 131 riyals per share.
The offering process was carried out for the individuals category and a minimum of 3 shares were allocated to each individual subscriber included in the subscription application.
The company 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 1.243% based on proportional.
The company offered 39,000,000 shares, representing 30% of the company's capital, of which 90% were allocated to the participating entities (institutions) and 10% to individuals.
The individuals' subscription period began on Sunday, March 13, 2022, and ended on Tuesday, March 15, 2022 by subscribing to the entire 3,900,000 shares allocated to this tranche. By 10% of the total offered shares at a price of 131 riyals per share, through the receiving entities.
