{"id":95291,"date":"2025-03-16T00:00:00","date_gmt":"2025-03-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/16\/umm-al-qura-ipo-retail-tranche-closes-20x-oversubscribed\/"},"modified":"2025-03-16T00:00:00","modified_gmt":"2025-03-16T00:00:00","slug":"umm-al-qura-ipo-retail-tranche-closes-20x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/03\/16\/umm-al-qura-ipo-retail-tranche-closes-20x-oversubscribed\/","title":{"rendered":"Umm Al Qura IPO retail tranche closes 20x oversubscribed"},"content":{"rendered":"

<\/strong>Umm Al <\/strong>Qura<\/strong> for Development and Construction saw the retail offering of its Tadawul <\/strong>IPO<\/strong> close 20x oversubscribed<\/strong>, after some 1.1 mn investors booked SAR 3.9 bn in orders, according to a statement (pdf)<\/a>. The company is taking a 9.1% stake<\/a> to market in a SAR 2 bn primary offering, with the retail tranche accounting for 10% of the total issuance.<\/p>\n

REFRESHER-<\/strong> PIF-backed Umm Al Qura\u2019s institutional offering was 241x oversubscribed<\/a>, with total orders hitting SAR 473 bn, pushing the firm to price its IPO at SAR 15 apiece \u2014 the top of its indicative price range \u2014 which gives it an estimated market cap of SAR 21 bn at the time of listing.<\/p>\n

Ringing the bell: <\/strong>Upon listing, the company\u2019s shares will be allowed to fluctuate within a 30% band on the first three days of trading, after which price fluctuations will be capped at 10% as circuit breakers take effect. The first day of trading has yet to be determined. <\/p>\n

ADVISORS-<\/strong> Albilad Capital is quarterbacking the transaction as lead manager, while also being joint financial advisor, joint bookrunner, and co-underwriter alongside GIB Capital, and AlRajhi Capital. Alinma Investment is also joint bookrunner and co-underwriter. Lazard was appointed as advisor to Umm Al Qura. Receiving agents include SNB Capital, SAB Invest, BSF Capital, ANB Capital, and Derayah Financial, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first day of trading is yet to be determined<\/p>\n","protected":false},"author":1,"featured_media":95292,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[2419,10,29,2452,3936],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-capital-markets","tag-enterpriseam-ksa","tag-ipo-watch","tag-tadawul","tag-umm-al-qura-for-development-and-construction","wpautop","entry"],"acf":{"mongo_id":"79475e41-2de4-4cd3-abf0-c23da8a60c02","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/990.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Umm Al Qura IPO retail tranche closes 20x oversubscribed","related_issue":[95284],"teaser":"The first day of trading is yet to be determined","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.fe3e0f8b-6b5a-4970-bf06-f0ed3ba09a03.mp3"},"yoast_head":"\nUmm Al Qura IPO retail tranche closes 20x oversubscribed - 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