Riyadh-Mubasher: The initial public offering (IPO) of Alandalus Property was 162.53% subscribed till the close of the fourth day, said Riyad Capital, the issue's financial advisor, lead manager and underwriter.
The number of retail subscribers reached 436,006 until the fourth day.
Meanwhile, the number of subscribed shares in the four-day period totalled 13,652,920, or 162.53% of the 8.4 million floated shares.
The company allocated 40% of offered shares for retail subscription.
Alandalus earlier obtained the approval of the Capital Market Authority to float 21 million shares in an initial public offering from 17-23 December 2015.
