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Arabian Mills saw a 10% retail tranche subscribed 9.2 times as it completed the final leg of its SR1.02bn (US$271m) Tadawul IPO.
The tranche of just over 1.5m shares attracted SR930.6m of demand from 264,179 investors.
Shares previously priced at the top of a SR62–SR66 range after the institutional leg was covered 132 times, valuing the company at SR3.39bn.
HSBC was sole bookrunner.
Source: IFR