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Yaqeen Capital Company announces the Offering Price Range for Meyar Company in the Saudi Exchange’s Parallel Market (“Nomu”) and commencement of Qualified Investors Book-Building.
| Element List | Explanation |
|---|---|
| Announcement Detail | Yaqeen Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Meyar Company (the “Company” or “Meyar”) announces on behalf of Meyar the offering price range and commencement of the Qualified Investors Book-Building Period as per the following details: • The Offering price range has been set at SAR (53- 59) per share (the “Price Range”). • The Offering is comprised of (265,400) ordinary shares representing 20% of the total capital of the company after the increase (the “Offer Shares”) which represents 25% of the total capital of the company before the increase. • The number of Offer Shares that will be allocated to Qualified Investors is (265,400) Shares, representing 100% of the total number of Offer Shares. • Each Qualified Investor who subscribes for the Offer Shares must apply for a minimum of (10) Offer Shares and a maximum of (66,340) Offer Shares. • Bidding and book-building period for Qualified Investors: starts on 19 March 2023G and ends on 23 March 2023G. • For more information and for the prospectus [in Arabic], please visit the Capital Market Authority website: https://cma.org.sa/Market/Prospectuses/Documents/mayar_ar.pdf |
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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