The Clap
Al Saif Gallery allocated the shares offered for subscription in the IPO following the conclusion of the book-building period for investors.
What
The coverage ratio of the offered shares to individual subscribers has reached 269%.
So What
The company recorded subscriptions of 88.44 thousand Saudi individual investors, foreign residents in KSA, and citizens of the Gulf Cooperation Council countries subscribe, raising a total of SAR 325.19mn.
The number of shares offered for subscription and allocated for this tranche amounted to 1.05 million shares, representing 10% of the total offering shares.
Now What
The final offering price at SAR 115 per share, setting the company’s market value at SAR 4.025bn upon listing.
