Here’s a list of receiving banks for Arabian Drilling IPO

18/10/2022 Argaam

Logo of Arabian Drilling Co. (ADC)

Retail investors start today, Oct. 18, subscription to 2.67 million shares of Arabian Drilling Co. (ADC) at SAR 100 per share.

 

The price was determined through the book-building process.

 

According to data available on Argaam, ADC offered 26.7 million shares in an initial public offering (IPO), representing 30% of its capital. The post-IPO capital will stand at SAR 89 million.

 

The list of the receiving banks for the IPO includes Riyad Bank, Al Rajhi Bank and Saudi National Bank (SNB).

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