Riyadh-Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday said it added the initial public offering (IPO) shares of Alandalus Property Co. to investors' portfolios, according to the bourse's website.
The issue was nearly 464% covered by retail investors as more than 1,090,000 investors requested shares worth over SAR 702 million.
The developer had allocated 8.4 million shares or 8.4% of its total offering to retail subscribers, and 12.6 million shares or 60% to institutions.
