Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced Monday the addition of subscribed shares of Al Yamamah Steel Industries according to allotment ratio.
Riyadh Capital, the financial advisor, lead manager and underwriter, of the initial public offer (IPO) of Al Yamamah Steel Industries earlier announced that individuals’ subscriptions reached 479%, with a minimum of 5 shares allotted for each subscriber.
Earlier in March, the Capital Market Authority (CMA) gave a green light to Al Yamamah to launch an initial public offering for 15.24 million shares, or 30% of capital, on Tadawul.
