MBC Group concludes IPO, achieves strong retail investor participation
The Offering's Final Offer Price is established at SAR 25 per share, indicating a market capitalisation of $2.2bn upon listing.
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The Offering's Final Offer Price is established at SAR 25 per share, indicating a market capitalisation of $2.2bn upon listing.
MBC Group received the market regulator’s approval on November 21 to list its shares on the Tadawul exchange.
Mubadala retains a c.60% shareholding in the company and is fully aligned with Yahsat.
The final offer price for the offering has been set at Dh2.75 ($0.27) per share
The offering is expected to take place in Q3 of 2021 and will be open to retail and qualified institutional investors.
