2023-05-28 07:36:00
Their share is 10% of the total offered shares
Al-Bilad Investment Company acts as the financial advisor, record manager, and guarantor of the offering.
On May 22, Al-Bilad Investment Company, “Al-Bilad Capital”, in its capacity as the financial advisor, subscription manager, institutional subscription book manager and underwriter in the initial public offering of the “Flexible Murabaha Finance” Company, announced the successful completion of the book-building process for the segment of participating classes subscribed to the company’s shares. And setting the final offer price at 14.60 riyals per share, and the period for building the order book for institutions extended from May 14 to May 18.
Al-Bilad Investment Company stated that 2.14 million ordinary shares, representing 10% of the total shares offered for public subscription, will be allocated to subscribers from the segment of individual investors as a maximum.
The flexible Murabaha company seeks to collect up to 312.9 million riyals ($83.4 million).
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