Riyadh - Mubasher: Alamar Foods (Alamar) has set the final price of the initial public offering (IPO) at SAR 115 per share.
The company has completed the book-building process for the participating party tranche, which was oversubscribed 47.5 times, according to a bourse filing on Sunday.
The company will launch the individual investor tranche subscription process on 20-21 July to allocate 1.06 million shares, representing 10% of the total offer shares.
It is noteworthy to mention that in late June, Alamar set the offer price range at SAR 103 – 115 per share to offer 10.63 million ordinary shares, representing 41.69% of its issued share capital, on the Saudi Exchange (Tadawul).
