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HSBC Saudi Arabia Announces the final Price for the initial public offering of Derayah Financial Company
| Element List | Explanation |
|---|---|
| Announcement Detail | HSBC Saudi Arabia in its capacity as Sole Financial Advisor, Bookrunner, Underwriter and Lead Manager on the potential initial public offering of Derayah Financial Company (“Derayah” or the “Company”) announces on behalf of the Company the successful completion of the book-building process for the Participating Parties tranche and the setting of the final offer price as SAR (30.0) per share with a coverage of approximately 162x of the total offer shares.
The Individual Investors tranche subscription process will commence on Thursday, 20th Feb and ends on Saturday 22nd Feb 5:00PM. A maximum of (4,994,704) offer shares, representing 10% of the total offer shares, will be allocated to Individual Investors.
For more information, please visit the Capital Market Authority website (www.cma.org.sa) and Derayah’s website (https://web.derayah.com/en/). |
| 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.
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