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Aldukheil Financial Group “AFG” Announces the Results of the Offering Process for the Initial Public Offering of Riyal Investment and Development Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Aldukheil Financial Group “AFG”, as the Financial Advisor for the Initial Public Offering of Riyal Investment and Development Company (the “Company”) on the Parallel Market “Nomu”, announces that the Offering of (720,000) ordinary shares representing (9%) of the Company’s total shares to Qualified Investors has successfully concluded with a coverage ratio amounting to 145%. A minimum of (10) shares has been allocated to each subscriber, and the remaining shares were allocated on pro-rata basis. The refund process will be completed by no later than Thursday 12-10-2023G (corresponding to 27-03-1445H). |
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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