[ad_1]
Today, Monday, trading in ACWA Power shares started on the Saudi Arabian market “Tadawul” at a price of 56 rials per share, provided that the daily price fluctuation limits are 30%, downward and downward. increase, with the application of fixed limits for price fluctuation. at 10%, down and up.
ACWA Power’s share was 71.8 rials at the start of listing, with a maximum increase of 30%. Thus, the market value of “ACWA Power” amounted to approximately 14.3 billion dollars, an increase of 3 billion dollars during the first minutes of the opening of the quotation of the shares.
These limits will only be applied during the first three trading days, and from the fourth trading day, the daily price fluctuation limits will be reset to 10% up and down, and the fixed price fluctuation limits. prices will be removed.
Total proceeds from the offering are estimated to be 4.547 billion riyals, of which approximately 160 million riyals will be allocated to pay all costs and expenses related to the offering, bringing the net proceeds to approximately 4.387 billion riyals which the company will retain. and will intend to keep. use 70% of the proceeds to fund its capital contribution for future projects, with the remaining 30% for general corporate purposes.
The total number of shares offered is 81.199 million shares, representing 11.1% of the company’s capital after the capital increase, which represents 12.6% of the capital before the increase.
people
On Monday, Riyad Capital, in its capacity as leader of the international water and energy works company “ACWA Power”, announced the finalization of the bid process for the individual category and the award of a minimum of 6 shares to each individual subscriber. included in the subscription request, while the remaining shares will be allocated in proportion to the volume of the request. based.
The individual subscriber segment recorded the participation of 1.35 million individuals, with a coverage rate of 1989.96%, and the total claims amounting to 9,048,682,160 rials.
Establishments
It should be noted that the stocks offered by the institutions were hedged about 248 times, with a total of claims submitted worth around 1,127 billion riyals, and local investors pumped out 1,075 billion riyals with a hedging volume. of 236 times, while the coverage of Gulf investors amounted to 36 billion riyals with the cover volume 8 times, and foreign investors pumped out 16 billion riyals, the cover volume is 4 times.
Source link
