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Value Capital Company announces the Results of the Offering Process for the shares of Shmoh Almadi Company (SMC)
| Element List | Explanation |
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| Announcement Detail | Value Capital, as a Financial Advisor and Lead Manager for the Offering of Shmoh Almadi Company (the “Company” or “SMC”) on the Parallel Market “Nomu”, announces that the Offering has been concluded, and the offering for the total of (1,400,000) ordinary shares representing (14.89%) of the issued share capital of the Company after offering (the “Offer Share”). The Offering Price was determined at (22) SAR per share. With a coverage of 195.47% of the total shares offered during the subscription period from Tuesday 23-06-1446H (corresponding to 24-12-2024G) to Tuesday 30-06-1446H (corresponding to 31-12-2024G). Value Capital, as Financial Advisor and Lead Manager will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Shmoh Almadi Company on the Parallel Market “Nomu”. Information and details regarding the Offering are available in the prospectus of the Company, please visit the Capital Market Authority website: https://cma.org.sa/Market/Prospectuses/Documents/shmoh_almadi_co.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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