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Watheeq Capital Announces the Results of the Offering Process for the Initial Public Offering of Qomel Company on the Parallel Market “Nomu”
| Element List | Explanation |
|---|---|
| Announcement Detail | Watheeq Capital, as Financial Advisor for the Offering of Qomel Company (the “Company” or “Qomel”) on the Parallel Market “Nomu”, announces that the Offering has been concluded, and the offering for the total of 500,000 ordinary shares representing 14.29% of the total capital of the company. Offering price: 80 SAR per share. (“the Offering”) coverage was 274.52% of the total shares offered during the subscription period from Sunday 12/10/1445H (corresponding to 21/04/2024G) to Thursday 16/10/1445H (corresponding to 25/04/2024G). Watheeq Capital, as Financial Advisor will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Qomel on the Parallel Market “Nomu”. |
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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