Riyadh - Mubasher: Tamkeen Human Resources Company (Tamkeen) announced today, Sunday, the end of the offering period for individual subscribers and the completion of the final allocation of shares in the initial public offering.

Tamkeen revealed in a statement obtained by Mubasher that the number of shares allocated to the individual subscribers segment amounted to 1.59 million shares, representing a total of 20% of the total shares offered. The total number of requests from individual subscribers reached 389.01 thousand requests, with a total value of 1.147 billion riyals. Thus, the total number of shares offered for this segment was covered by approximately 14.43 times.

The company allocated a minimum of 4 shares to each individual subscriber, and the remaining shares will be allocated on a proportional basis based on the percentage of what each subscriber requested to the total remaining shares required to be subscribed to, with an allocation factor of 0.159%. The shares were distributed in descending order, starting from the highest requests until all shares are fully allocated.

The individual investors’ subscription came after the successful completion of the book-building period for the institutional tranche, setting the final offering price at SAR 50 per share, and covering the total number of shares offered for this tranche by approximately 138.2 times; the individual investors’ subscription process was conducted during the period extending from November 5 to 6, 2024.

The final offering price was set at SAR 50 per share, with a total offering size of SAR 397.5 million. Following completion of the IPO, it is expected that 30% of Tamkeen’s shares will be listed on the main market of the Saudi Stock Exchange (Tadawul).

Tamkeen confirmed that the shares will be listed and traded on the main market of the Saudi Stock Exchange after completing the offering and listing with the Capital Market Authority and the Saudi Stock Exchange.