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Riyad Capital Company Announces the offering price for the shares of Quara Finance Company (“Quara”)
| Element List | Explanation |
|---|---|
| Announcement Detail | Riyad Capital “RC”, as the Financial Advisor and Lead Manager for the Initial Public Offering of Quara Finance Company (“Quara”) on the Parallel Market (“Nomu”), announces that the Offering of (2,650,000) ordinary shares representing approximately (8.83%) of the Company’s total shares to Qualified Investors has successfully concluded. The results of the coverage are as such: - Offer price of SAR 15 per share. - Number of Offered shares: (2,650,000) ordinary shares, representing approximately 8.83% of the total Company shares. - Coverage: 218%. - The minimum number of shares allocated to each subscriber is (10) shares, and the remaining shares were allocated on pro-rata basis. The refund process will be completed by no later than Sunday 08/08/1445H (corresponding to 18/02/2024G). |
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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