RIYADH: Arabian Drilling Co’s initial public offering attracted strong investor interest, with oversubscription by 61 percent.
With a share price of SR100 ($27), subscriptions took place between Sept. 28 and Oct. 5, according to a bourse filing.
The Saudi Arabia-based drilling company is seeking to float 26.7 million shares, or 30 percent of its capital, through an initial public offering on the Saudi main index.
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