Saudi Tadawul Group announced that the listing and trading of the shares of Al Masane Al Kobra Mining Company (AMAK) in the main market will commence on 26/08/1443H, corresponding to 29/03/2022G, with the symbol (1322), international code (SA15HG50KL10), and +/- 30% daily price fluctuation limits and +/-10% static price fluctuation limits. These limits will be applied during the first three days of listing. From the fourth trading day onward, the daily price fluctuation limits will revert to +/- 10% and static price fluctuation limits will no longer apply.
The Securities Depository Centre (Edaa) announced that Al Masane Al Kobra Mining Company securities will be deposited into the accounts of eligible securities holders as from 24/08/1443H, corresponding to 27/03/2022G. Al Rajhi Capital has announced earlier the closing of subscription in 30% of Al Masane Al Kobra Mining Company share capital of 660 million Saudi Riyals, with institutional offering coverage of 73.6 times and retail offering coverage of 10.6 times.
In its capacity as the Financial Advisor, Lead Manager, Bookrunner and Underwriter of the public offering of Al Masane Al Kobra Mining Company (AMAK), Al Rajhi Capital expressed its gratitude and appreciation to the Capital Market Authority and Saudi Tadawul Group, and for the receiving agents for facilitating the process. Al Rajhi Capital also extended its sincere gratitude to Al Masane Al Kobra Mining Company (AMAK) for choosing them to lead the IPO as the first offering in the mining sector on Tadawul since the listing of the Saudi Arabian Mining Company (Maaden).
Al Masane Al Kobra Mining Company (AMAK) also extends its appreciation to all governmental authorities, the Capital Market Authority, Saudi Tadawul Group, and Al Rajhi Capital who has led the IPO successfully, and to all institutional and individual subscribers for their confidence in AMAK, its high investment value, its promising opportunities as well as its strategic plans that align with the Kingdom’s vision 2030 that has allowed the mining sector to contribute remarkably to the national economy.
For more information and review of the prospectus, please refer to the website of the Capital Market Authority (www.cma.org.sa), the website of Al Masane Al Kobra Mining Company "AMAK” (www.amak.com.sa), and the website of Al Rajhi Capital, (www.alrajhi-capital.com).