Coverage of retail subscription to “Alkhorayef Water Technology” of 1511%.

Saudi Fransi Capital, the financial advisor and head of the IPO of AlKhorayef Water and Power Technology, announced the end of the company’s public offering of shares on that day with a coverage rate of 1,511. , 52% for the individual subscription

The number of individual subscribers reached 136,988 subscribers who pumped 816,220,800 riyals to subscribe for 750,000 shares at a price of 72 riyals per share.

On the basis of what was stipulated in the prospectus, 750,000 ordinary shares were allocated to individual subscribers, representing 10% of the total shares offered for public subscription, while 6,750,000 ordinary shares were allocated to institutionalized subscribers, which represents 90% of the total shares offered for subscription.

It is mentioned that a minimum of 5 shares have been allocated to each subscriber in the retail investor segment, while the remaining shares have been allocated on a pro rata basis according to the size of the demand of each subscriber to the total of the shares remaining to subscribe.