The Clap
Yaqeen Capital, the financial advisor and lead manager for the company’s shares offering, announced the closing of the shares subscription to Arabian Plastic Industry Company (APICO) in the parallel market (Nomu).
The Deets
Yaqeen Capital revealed the offering of APICO shares in Nomu, at SAR 27 per share, offering one million ordinary shares, which represents 20% of APICO shares.
Subscription Coverage
Yaqeen Capital reported that the offering was oversubscribed by 15.43 times out of the total offered shares during the offering period, from September 11 to September 13, 2022.
What Now
Yaqeen Capital will complete the necessary procedures required by the Saudi Tadawul Group and then set the date for listing APICO shares for subscription in the parallel market.
APICO oversubscribed by 15.43 times 🚀
