HSBC Saudi Arabia Announces the final Price for the initial public offering of Modern Mills Company

HSBC Saudi Arabia Announces the final Price for the initial public offering of Modern Mills Company

28 February 2024 09:37 AM

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Explanation

Announcement Detail

HSBC Saudi Arabia in its capacity as Sole Financial Advisor, Global Coordinator, Joint Bookrunner, Underwriter and Lead Manager on the initial public offering of Modern Mills Company (“MMC” 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 (48) per share with a coverage of approximately 127x of the total offer shares. The Individual Investor tranche subscription process will commence on Tuesday 5th March and ends on Wednesday 6th March 11:59PM. A maximum of (2,454,960) offer shares, representing 10% of the total offer shares, will be allocated to Individual Investors For more information and for the prospectus, please visit the Capital Market Authority website (www.cma.org.sa) and MMC’s website (https://ipo.modernmills.com.sa).

Attached Documents

  

HSBC Saudi Arabia Announces the final Price for the initial public offering of Modern Mills Company