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Announcement of Final Offer Price for Miahona Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Fransi Capital in its capacity as Lead Manager, Saudi Fransi Capital and EFG Hermes KSA as Joint Financial Advisors, Joint bookrunners, and Co-underwriters for the initial public offering of Miahona Company (“Miahona” or “the Company”), announces the completion of the book-building process for the institutional tranche subscribed to the offered shares and the setting of the final offer price at SAR 11.50 per share, with a coverage ratio amounting to 170.0x of the total offer shares. Knowing that the participating entities have subscribed to the offered shares in full, as (48,277,663) ordinary shares were allocated to the participating entities, representing 100% of the total shares offered for subscription as a first stage. Upon the successful completion of the book-building process, as a second stage, (9,655,533) ordinary shares, representing 20% of the total shares offered for subscription, will be allocated to individual subscribers as a maximum. It should be noted that Saudi Fransi Capital, in its capacity as Lead Manager, has completed with the receiving banks, the Banque Saudi Fransi, and Riyad Bank all necessary preparations for receiving subscriptions from the individual investors’ tranche, for 2 days commencing on Tuesday 21/05/2024G until Wednesday 22/05/2024G. All information and details related to the offering are available in the prospectus published on the website of the Capital Market Authority www.cma.org.sa, Company’s website https://ipo.miahona.com/, and the website of the joint financial advisors www.BSFcapital.sa and www.efghermesksa.com |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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