Riyadh-Mubasher: The initial public offering (IPO) of Alandalus Property was 341.43% subscribed till the close of the sixth day, said Riyad Capital, the issue's financial advisor, lead manager and underwriter.
The number of retail subscribers reached nearly 854,900 until 22 December.
Meanwhile, the number of subscribed shares in the six-day period totalled 28.6 million, or 341.43% 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.
