Luberef’s retail IPO on Tadawul 230% covered, total requests at SAR 2.9 mln, 10 shares allotted per subscriber
- Date: 21-Dec-2022
- Source: Argaam
- Sector:Retail
- Country:Saudi Arabia
Luberef’s retail IPO on Tadawul 230% covered, total requests at SAR 2.9 mln, 10 shares allotted per subscriber
Saudi Aramco Base Oil Co. (Luberef) completed its retail offering and allocated a minimum of 10 shares per retail subscriber, SNB Capital, lead manager, financial advisor, book-runner, global coordinator and underwriter, Citigroup Saudi Arabia, HSBC Saudi Arabia, and Morgan Stanley Saudi Arabia in their capacity as financial advisors, book-runners, global coordinators and underwriters on the IPO announced.
The remaining shares will be allocated on a pro-rata basis, based on the demand size of every subscriber to total shares.
The company offered 50.045 million shares, representing 29.66% of its capital, of which 75% was allocated to participating parties and 25% to retail investors.
The subscription period for the retail tranche ran through Dec. 14-18. Retail investors fully subscribed to 12.511 million shares at SAR 99 each.
For More IPOs
Select Sector 
Select Country 
