Determine the price range of Theeb car rental subscription between 35 and 40 riyals

Saudi Fransi Capital said that the price range for the subscription of Theeb Rent a Car Company has been set between 35 and 40 riyals.

She added to Al-Arabiya Net, that the public offering of shares of the company will include the institutional segment, where twelve million nine hundred thousand (12,900,000) common shares, representing 30% of the total shares of Theeb Rent a Car Company. , will be offered to institutional investors during the construction of the order book.

According to the offering prospectus of Theeb Rent a Car shares, in view of a public offering on the Saudi “Tadawul” Stock Exchange, the subscription period of the participating entities and the process of building the order book begins from Sunday March 7. to Monday, March 15, 2021, and the subscription period for individuals will be one day, ie March 21, 2021. This is the deadline for submitting subscription requests and paying the value of subscription for individual subscribers.

The number of shares offered for participating groups is 12.9 million ordinary shares, representing 100% of the total shares of the offering, and in the event of sufficient demand from individual subscribers and participating entities subscribe to the full offer of shares allocated to them, the director of the institutional subscription register has the right to reduce the number of shares allocated to participants to 11.61 million ordinary shares, representing 90% of the total shares of the offer.

While the number of shares offered to individual subscribers is 1.29 million, at most, ordinary shares representing 10% of the total shares offered.

According to the prospectus, the minimum subscription for participating entities is 100,000 shares, while the maximum limit is 2,149,999 shares, and for public funds only, not exceeding the maximum limit for each participating public fund, which is determined in accordance with the assembly instructions from the instruction book.

The minimum limit for individual subscribers is 10 shares, while the maximum limit is 250,000 shares.

And according to what “Al Arabiya Net” read, on Theeb Rent A Car Company website, it announced the timing of the subscription process.