The Investment Company for Securities and Brokerage “Alistithmar Capital” announced today, Sunday, in its capacity as the financial advisor, bookrunner, subscription manager, and underwriter in The potential public offering of Dar Medical and Scientific Equipment Co. In the Saudi market, regarding determining the price range of the offering and starting the process of building the order book for the segment of the participating categories.
Alistithmar Capital said in a statement published on “Saudi Tadawul”, that the price range for the offering shares is set between 45 and 52 riyals per share.
She added that the process of building the order book for the institutions segment begins on January 17, 2022 and ends on January 27.
The offering process includes 6 million ordinary shares of the company’s shares, representing 30% of the company’s issued capital, through the sale of shares by the current shareholders of the company.
The minimum number of shares that can be subscribed to for the participating classes is 100,000 shares, while the maximum is 999,999 thousand shares.
Participation in order book building is limited to categories qualified to participate in the order book building process in accordance with the instructions for book building and allocating shares in initial subscriptions issued by the Board of the Capital Market Authority.
The price of the offering will be determined for public subscription following the completion of the process of building the order book, to be followed by the process of subscribing to the individual subscribers segment. The end of the individual subscription period.
In the event that individual subscribers subscribe to all of the offering shares allocated to them, the subscription registry manager has the right to reduce the number of shares allocated to the participating classes to a minimum of 5.4 million shares, representing 90% of the total offering shares.