Edaa deposits Alamar Foods’ subscribed securities today
07/08/2022
Argaam
Logo of Alamar Foods Co.
The Securities Depository Center Co. (Edaa) deposited today, Aug. 7, Alamar Foods Co.’s subscribed securities into the accounts of eligible shareholders, according to a bourse filing.
The Capital Market Authority (CMA) approved, on June 7, the application filed by Alamar to float 10.63 million shares, representing 41.7% of its capital, in an initial public offering (IPO), Argaam reported.
Retail investors started, on July 20, subscription to 1.06 million shares, or 10% of total shares offered at SAR 115 each, set through the book-building process.
The subscription was 6.9% covered and six shares minimum were allotted to each retail subscriber.
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