Riyad Capital, Citigroup Saudi Arabia, JPMorgan Saudi Arabia and Natixis Saudi Arabia Investments, in as financial advisors, institutional bookrunners and underwriters for the initial public offering of business international water and energy company “ACWA Power” announced the completion of the book process building for the participating classes The shares of the company have been successfully hedged, in how much the shares offered by the institutions have been covered about 248 times, and a total of applications presented amounts to about 1127 billion riyals.
Local investors pumped 1075 billion riyals with 236x coverage volume, while Gulf investors hedged 36 billion riyals with 8x coverage volume.
Foreign investors pumped 16 billion riyals, with a coverage volume of 4 times.
The individual subscription period began on Wednesday 22/02/1443H (corresponding to 29/09/2021G) and will continue until Friday 24/02/1443H (corresponding to 01/10/2021G), when 8,119,929 ordinary shares representing a percentage of 8,119,929 shares will be assigned Up to a maximum of 10% of the total number of shares offered in public subscription to individual subscribers.
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