Logo ofSport Clubs Co.
Sport Clubs Co. successfullycompleted its retail offering to list shareson the Main Market (TASI), Banque Saudi Fransi (BSF), the lead manager, financial advisor, bookrunner and underwriter, said in a statement toTadawul. 
The retail investor subscription period, which lasted for one day, saw participation from 259,690 investors at the final offer price of SAR 7.5 per share. Totalorders placed by retail investors reached approximately SAR 247.7million, resulting in an oversubscription rate of 533.6%.
A minimum of 10 shares was allocated to each investor in the retail tranche, while the remaining shares were allocated on a pro-rata basis, based on the size of each investor’s request compared to the total remaining shares, with an average allocation factor of 12.5%, the statement added.
The company also noted that based on the results of the retail subscription period, the number of shares allocated to the participating parties’ tranche will be reduced to 27.46 million shares, representing 80% of the total offering.
Logo ofSport Clubs Co.
Sport Clubs Co. successfullycompleted its retail offering to list shareson the Main Market (TASI), Banque Saudi Fransi (BSF), the lead manager, financial advisor, bookrunner and underwriter, said in a statement toTadawul.
The retail investor subscription period, which lasted for one day, saw participation from 259,690 investors at the final offer price of SAR 7.5 per share. Totalorders placed by retail investors reached approximately SAR 247.7million, resulting in an oversubscription rate of 533.6%.
A minimum of 10 shares was allocated to each investor in the retail tranche, while the remaining shares were allocated on a pro-rata basis, based on the size of each investor’s request compared to the total remaining shares, with an average allocation factor of 12.5%, the statement added.
The company also noted that based on the results of the retail subscription period, the number of shares allocated to the participating parties’ tranche will be reduced to 27.46 million shares, representing 80% of the total offering.
