‎3 negotiating deals executed on MBC shares for SR9.1 million‎

Today, Monday, January 8, 2024, 3 negotiating transactions have been executed in the Saudi Stock Market “Tadawul” on 278.5 thousand shares of MBC Group shares, at a price of 32.5 riyals per share, with a total value of about 9.1 million riyals.

The deal was concluded at a price of 7.5 riyals, 30% higher than the offering price of 25 riyals per share.

After the strong demand from institutions, the price was set at the maximum value of 25 riyals, as the value of the order book reached 54.5 billion riyals. The strong demand from investors led to covering the total number of shares offered by approximately 66 times, and the final offering price was determined. For public subscription at 25 riyals per share

On the other hand, the coverage of individuals reached 17.6 times, and the number of individual participants was 359,464 thousand subscribers, and the shares offered to individuals: 3.325 million shares, and the offering price of the shares was 25 riyals per share, and the total value of individual requests was about 1.46 billion riyals, and a minimum of 9 shares were allocated for each individual, and allocate the remaining shares on a pro-rata basis at a rate of 0.1623%.