Riyadh – Mubasher: Shares of Alkhorayef Water and Power Technologies Company will begin trading on the main market of the Saudi Stock Exchange (Tadawul) on Monday, 1 March 2021.

The company will be listed with the symbol 2081 and ISIN Code SA1591410GH0 with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits, Tadawul announced on Thursday.

On 16 February, Alkhorayef Water launched its two-day retail offering. A total of 750,000 ordinary shares or 10% of the capital were allotted to retail investors at SAR 72 a share.

At the same time, 7.5 million shares or 100% of the offering size were allocated to institutional investors during the institutional book-building process.

Alkhorayef Water’s retail offering was 1,511.52% oversubscribed. A total of 136,988 individual investors pumped SAR 816.22 million to purchase 750,000 shares at SAR 72 per share.