The Saudi Stock Exchange (Tadawul) announced that the shares of Bin Dawood Holding Company will be listed and started trading in the main market from tomorrow, Wednesday.
The Stock Exchange said in a statement on its official website, today, Tuesday, that the company will be listed with the code (4161) and the international code (SA154HG210H6), provided that the daily fluctuation of the price is The share is 10%.
The company announced, earlier, the conclusion of the initial public offering process for its shares for the individual subscriber segment, with the subscription of 324 thousand individual subscribers pumping 3.06 billion riyals, or Coverage of 1396%.
The process of building the order book had witnessed requests amounting to 106.9 billion riyals and the subscription was covered by 4870% of the total shares offered, as public funds, private funds and discretionary investment portfolios were acquired On 1747%.
On Thursday, October 8, the retail subscription for the retail investor segment began subscribing to the shares of Bin Dawood Holding Company, due to be listed on the main Saudi market.
On October 7th, Bin Dawood Holding announced the successful completion of building the order book for the underwriting institutions, and the final price for the offering was set at 96 riyals per share.
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The subscriptions of public funds, private funds and discretionary investment portfolios were covered by 1747%, and by 445% for non-Saudi investors.
The Securities Depository Center Company (Edaa) announced, on Monday, that the securities subscribed to in Bin Dawood Holding Company will be added to the center's accounts for the eligible shareholders. / p>
