Logo ofAlshehili Co.
Alshehili Co.completeditsinitial publicoffering(IPO) on Nomu-Parallel Market, with qualified investorssubscribing to the 500,000 offered shares, representing 20% of post-IPO capital (or 25% of pre-IPO capital), financial advisor Forsa Capital said in a statement toTadawultoday, Jan. 15. 
The IPO was 231.76% oversubscribed, with a final offering price of SAR 80 apiece.
Forsa Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine thelisting date on Nomu.
According to data available withArgaam, qualified investorsstartedon Jan. 5 subscription to Alshehili’s 500,000share offering. The price range was set betweenSAR 80-76 a share.
The offered sharesrepresented25% of its pre-IPOcapital of SAR 20 million, divided into two million shares, at a nominal value of SAR 10 each. However, these shares make up 20% of the post-IPO capital.
Logo ofAlshehili Co.
Alshehili Co.completeditsinitial publicoffering(IPO) on Nomu-Parallel Market, with qualified investorssubscribing to the 500,000 offered shares, representing 20% of post-IPO capital (or 25% of pre-IPO capital), financial advisor Forsa Capital said in a statement toTadawultoday, Jan. 15.
The IPO was 231.76% oversubscribed, with a final offering price of SAR 80 apiece.
Forsa Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determine thelisting date on Nomu.
According to data available withArgaam, qualified investorsstartedon Jan. 5 subscription to Alshehili’s 500,000share offering. The price range was set betweenSAR 80-76 a share.
The offered sharesrepresented25% of its pre-IPOcapital of SAR 20 million, divided into two million shares, at a nominal value of SAR 10 each. However, these shares make up 20% of the post-IPO capital.
