Logo of Al Masane Al Kobra Mining Co.

The book-building procedure for the going public of Al Masane Al Kobra Mining Co. (AMAK) was finished effectively for taking part classifications, revealed Al Rajhi Capital, the monetary consultant, lead supervisor, underwriter and institutional book runner.

It likewise revealed that the IPO’s last rate was set at SAR 63/ share.

Al Rajhi Capital included that the offering was 73.6 x oversubscribed, with overall applications reaching almost SAR 91.8 billion.

On Dec. 22,2021, the Capital Market Authority( CMA) authorized an application by AMAK to offer 19.8 million shares, or 30% of its SAR 660 million capital (66 million shares), to the general public.

The variety of shares provided for retail financiers totals up to 5.94 million shares optimum, or 30% of overall used shares. Retail membership duration till run for 3 days ending on March 11, 2022.

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