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Miyar Capital Announces Results Of Offering Process For Shares Of Al Taqat Mineral For Trading Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Miyar Capital, as a financial advisor for the offering of Al taqat mineral trading company (the “Company” or “Al taqat Mineral”) on the parallel market “Nomu”, announces that the offering has been concluded, for number of (2,437,500) ordinary shares representing (20%) of the Company’s shares after raising capital (“Offering Shares”). • The offering price was determined at (18) SAR per share. With a coverage ratio of (109.48%) of the total shares offered during the subscription period from (Wednesday) 25/08/1445H (corresponding to 06/03/2024G) to (Wednesday) 03/09/1445H (corresponding to 13/03/2024G). • Miyar Capital, as financial advisor will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Al taqat mineral for trading 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/taqat.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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