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Riyad Capital, Citigroup Saudi Arabia, JPMorgan Saudi Arabia and Natixis Saudi Arabia Investments, in their capacity as financial advisers, institutional bookkeepers and underwriters for the IPO of the international water and energy sector “ACWA Power », Announced the completion of the book building process for participating classes. The shares of the company were successfully hedged, as the shares offered by the institutions were hedged about 248 times, and a total of claims submitted amounting to about 1,127 billion riyals.
Local investors pumped out 1,075 billion riyal with 236 times hedge volume, while Gulf investors hedged 36 billion riyal with 8 times hedge volume.
Foreign investors pumped out 16 billion riyals, with a hedging volume of 4 times.
The individual subscription period began on Wednesday 02/22 / 1443H (corresponding to 29/09 / 2021G), and will continue until Friday 24/02 / 1443H (corresponding to 01/10 / 2021G), date on which 8 119,929 ordinary shares representing a percentage of 8,119,929 shares will be allocated, up to a limit of 10% of the total shares offered for public subscription to individual subscribers.
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