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×Brief
Company Status: | IPO |
Business Activity: | |
Current Capital: | 160.93 Million Riyal |
Current No. of Shares (M) (M): |
IPO Facts
Issue Type: | IPO |
Status: | Approved |
Exchange Market: | TASI |
Sector: | Not included |
Country: | Saudi Arabia |
Offered Shares (M): | |
Offered Percentage: | 30.00 % |
Offer Price (Riyal): | - |
Issue Volume (M Riyal): | - |
Premium: | - |
Available Shares (Individual): | |
Minimum Subscription (Individuals): | |
Maximum Subscription (Individuals): | 2.50 Million Shares |
Available Shares (Institutions): | 38.62 Million Shares |
Minimum Subscription (Institutions): | 100.00 Thousand Shares |
Maximum Subscription (Institutions): | 8.05 Million Shares |
Eligibility : | _ Participating Parties, _ Individual Investors . |
Use of Proceeds: | The Offering proceeds, (net of all expenses and costs related to the Offering, estimated at SAR 28 million) will be distributed to the Selling Shareholder(Vision Invest), The Company will not receive any part of the Offering proceeds . |
Restrictions on Dealing in Shares: | The Substantial Shareholder (Vision Invest) is subject to a lock-up period of 6 months starting from the date of commencement of trading of the Offer Shares on the Exchange. During such period, the Substantial Shareholder may not dispose of any of their shares. Following the Lock-up Period, the Substantial Shareholder may dispose of its shares without prior approval from the CMA . |
Prospectus: | Downloads |
: | - |
Key Dates
Capital Market Authority Approval: | 3/20/2024 |
The minimum & maximum offering price: | 5/21/2024 |
Subscription End Date: | 5/22/2024 |
Allocation Date: | 5/26/2024 |
Distribution Date: | 5/30/2024 |
Listing Date: | - |
Advisors
Lead Manager: | Saudi Fransi Capital |
Underwriter: | EFG-Hermes KSA, Saudi Fransi Capital |
Financial Advisor: | Saudi Fransi Capital , EFG-Hermes KSA |
Legal Advisor: | Salman M. Al-Sudairi Law Office - Latham & Watkins LLP |
Auditor: | KPMG Consulting Co. |
Receiving Bank: | Banque Saudi Fransi, Riyad Bank |
IPO results
Proceeds: | - |
Subscription Percentage: | - |
No. of Subscribers: | - |
Allocation: | - |
Chart - Miahona
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