Logo of Hedab Alkhaleej Trading Co.
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Hedab Alkhaleej Trading Co. on the Nomu-Parallel Market, announced the completion of the offering for 800,000 ordinary shares, representing 10.67% of the company’s shares, at a final price of SAR 52 per share. 
According to Tadawul, the IPO was 172.96% oversubscribed during the offering period, which ran from Feb. 16-20.
Yaqeen Capital will finalize the required procedures with the Saudi Tadawul Group Holding Co. before determining the listing date.
Hedab Alkhaleej floated 800,000 shares, or 11.94% of its SAR 67 million capital, which is divided into 6.7 million shares at a par value of SAR 10 each, according to data available with Argaam.
Following the offering, the issued shares represent 10.67% of the company’s post-IPO capital, which will increase to SAR 75 million, divided into 7.5 million shares.
Logo of Hedab Alkhaleej Trading Co.
Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Hedab Alkhaleej Trading Co. on the Nomu-Parallel Market, announced the completion of the offering for 800,000 ordinary shares, representing 10.67% of the company’s shares, at a final price of SAR 52 per share.
According to Tadawul, the IPO was 172.96% oversubscribed during the offering period, which ran from Feb. 16-20.
Yaqeen Capital will finalize the required procedures with the Saudi Tadawul Group Holding Co. before determining the listing date.
Hedab Alkhaleej floated 800,000 shares, or 11.94% of its SAR 67 million capital, which is divided into 6.7 million shares at a par value of SAR 10 each, according to data available with Argaam.
Following the offering, the issued shares represent 10.67% of the company’s post-IPO capital, which will increase to SAR 75 million, divided into 7.5 million shares.
