‎Al Majdiah retail IPO 278% covered, 10 shares allocated

Dar Al Majed Real Estate Co. (Al Majdiah) successfullycompleted its retail offering to list shareson the Main Market (TASI), BSF Capital said in a statement toTadawul.

BSF Capital acted as financial advisor, lead manager, underwriter and bookrunner on the initial public offering (IPO).

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As many as 307,019 retail investors subscribed to the offering at a final price of SAR 14 per share. Total orders reached nearly SAR 701 million. The IPO was 278% covered.

Individual investors will receive a minimum of 10 shares each.

Dar Al Majed Real Estate Co. (Al Majdiah) successfullycompleted its retail offering to list shareson the Main Market (TASI), BSF Capital said in a statement toTadawul.

BSF Capital acted as financial advisor, lead manager, underwriter and bookrunner on the initial public offering (IPO).

For More IPOs

As many as 307,019 retail investors subscribed to the offering at a final price of SAR 14 per share. Total orders reached nearly SAR 701 million. The IPO was 278% covered.

Individual investors will receive a minimum of 10 shares each.