IssuerAnnouncementDetailsV2Portlet
Actions
Announcement of Almawarid Manpower Company’s intention to proceed with an initial public offering and listing on the Main Market of the Saudi Exchange
| Element List | Explanation |
|---|---|
| Announcement Detail | AlJazira Capital acting as Financial Advisor, Lead Manager, Bookrunner and Underwriter on the potential initial public offering of Almawarid Manpower Company (the "Company" or "Almawarid") announces the Company’s intention to proceed with the initial public offering and listing of ordinary shares (“IPO”) on the Main Market of the Saudi Exchange, where IPO will comprise of a sale of existing shares and result in a free float of 4,500,000 ordinary shares representing 30% of the Company’s shares. The Saudi Exchange approved the Company’s application for the listing of its shares on the Main Market on 24 November 2022G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 4,500,000 ordinary shares (representing 30% of the Company’s share capital) on 26 December 2022G. The price at which all subscribers in the offering will purchase the shares will be determined after the book-building period. For more information, please visit the Capital Market Authority website (www.cma.org.sa) and the Company’s website (www.mawarid.com.sa) where the Offering Prospectus will be published. |
| Attached Documents |  |
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.
Share
Company Performance
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions