2023-07-09 05:05:00
Offering more than one million shares of the company’s shares for subscription
Dubai – Al Arabiya.net
Posted on: July 09, 2023: 09:05 AM GST Last updated: July 09, 2023: 12:09 PM GST
Today, Sunday, the Saudi stock market will witness the offering of 30% of the shares of the Specialized Medical Services Company in the parallel market, “Nomu”.
Saudi Fransi Capital, in its capacity as the financial advisor and lead manager for the potential offering of the Specialized Medical Services Company, announced the determination of the price range for its potential offering and the start of the book-building period for qualified investors.
Saudi Fransi Capital said in a previous statement to Tadawul Saudi Arabia that the price range for offering the “Specialized Medical Services” company was set between (63-68) Saudi riyals per share.
She stated that the offering process includes (1,050,000) ordinary shares representing 30% of the issued capital, which will be sold by the existing shareholders, and 100% of the total offering shares will be allocated to qualified investors.
It clarified that the minimum number of shares that can be subscribed to by each qualified investor is (10) shares, while the maximum number is 174,999 shares.
The book-building process for qualified investors begins today, Sunday, July 9, and ends on the 16th of the same month.
The last date for paying the subscription value according to the subscription applications is July 17, 2023 AD, and the surplus (if any) will be returned by a maximum date of July 23, 2023 AD.
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