Umm Al Qura for Development IPO oversubscribed 241x, final price set at SAR 15
Albilad Investment, GIB Capital, and Al Rajhi Capital act as financial advisors, while Albilad Investment, GIB Capital, Al Rajhi Capital, and Alinma Investment serve as bookrunners and underwriters on the IPO.
The final IPO price was set at SAR 15 per share, and the order book was 241x oversubscribed, it added.
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