Yaqeen Capital Company announces the Offering Price Range for Arabian Food & Dairy Factories Company (FADECO) in the Saudi Exchange’s Parallel Market (“Nomu”) and commencement of Qualified Investors Book-Building
- Date: 11-May-2022
- Source: Mubasher
- Sector:Financial Markets
- Country:Middle East
Yaqeen Capital Company announces the Offering Price Range for Arabian Food & Dairy Factories Company (FADECO) in the Saudi Exchange’s Parallel Market (“Nomu”) and commencement of Qualified Investors Book-Building
|Element List||Explanation|
|Announcement Detail|| Yaqeen Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Arabian Food & Dairy Factories Company (FADECO) (the “Company” or “FADECO”) announces on behalf of FADECO the offering price range and commencement of the Qualified Investors Book-Building Period as per the following details:
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• The Offering price range has been set at SAR (65 - 71) per share (the “Price Range”).
• The Offering is comprised of (282,000) ordinary shares representing 20% of the issued share capital of the Company to be sold by the current shareholders (the “Offer Shares”).
• The number of Offer Shares that will be allocated to Qualified Investors is (282,000) Shares, representing 100% of the total number of Offer Shares.
• Each Qualified Investor who subscribes for the Offer Shares must apply for a minimum of (10) Offer Shares and a maximum of (70,490) Offer Shares.
• Bidding and book-building period for Qualified Investors: starts on Wednesday 11th of May 2022G and ends on Sunday 15th of May 2022G.
• For more information and for the prospectus [in Arabic], please visit the Capital Market Authority website:
https://cma.org.sa/Market/Prospectuses/Documents/fadeco_ar.pdf