Edaa deposits Arabian Centres’ shares into investors accounts

The Securities Depository Center Company (Edaa) deposited today Arabian Centres Co.’s subscribed shares after the initial public offering (IPO) into investors’ portfolios.

Arabian Centres Co.’s IPO closed last week today, as a total of 26,480 retail investors subscribed to 5.7 million shares at SAR 26 each, or 6 percent of offered shares, according to a bourse statement.

Arabian Centres was established in 2002 as a closed joint stock company. It is a subsidiary of Fawaz Alhokair Group and specializes in mall management, tenant relations and leasing.