Retal Urban Development Company, Retal, has completed the offering process for the individuals category and allocating a minimum of 5 shares to each individual subscriber included in the subscription application, through Al-Ahly Financial Company in its capacity as the financial advisor, subscription manager and underwriter for the initial public offering.
According to Arabia Net, 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 to be subscribed for, with an allocation rate of 0.364% on a pro-rata basis.
Retal had offered 12 million shares, the company representing 30% of the company's capital, 90% of which were allocated to the participating parties and 10% to individuals.
The subscription period for individual subscribers began on Sunday, June 5, 2022, and ended on Monday, June 6, 2022, by subscribing to the entire shares allocated to this segment, amounting to 1.2 million shares, at 10% of the total offered shares, at a price of 120 Saudi riyals per share, through the authorities. received.
The number of individual participants reached 233,087, with coverage of 8.88 times.
The total value of individual applications amounted to 1.278 billion riyals, and the surplus subscription to individual subscribers will be refunded no later than June 15, 2022.
