Riyadh – Mubasher: Saudi shareholders are awaiting the announcement on of stock allocations in the initial public offering (IPO) of Al Yamama Steel Industries, which extended for 7 days and concluded on 3 May, 2016.
The announcement is to be made on 10 May.
Until Sunday, 8 May, financial advisor, bookrunner and lead arranger Riyad Capital has not revealed the final coverage of the IPO.
Previous data has shown that by the end of the sixth day (2 May) total subscribed individuals reached 628,010 subscribers.
Total subscribed shares reached 16.05 million, representing 350.89% of total shares available for individuals, amounting to 4.57 million shares and representing 30% of the company’s capital.
