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Emirates NBD Capital Saudi Arabia, in its capacity as bookrunner for the initial public offering of the sandwich fast food company, Burgerizzr, has announced that the price range of its proposed offering is between 150 and 165 riyals per share. .
According to a statement posted on the Saudi market’s website, “Tadawul”, the underwriting process is represented by the offering of 725,000 common shares of the company’s shares, representing 29% of the company’s capital, which will be sold by a shareholder, Ibrahim bin Abdulaziz bin Nasser Al-Muzaini.
The minimum number of shares that can be subscribed is 10 ordinary shares, while the maximum is 124,999 ordinary shares.
Participation in the constitution of the order book and the subscription is limited to investors qualified to trade on the Parallel Market (Nomu) in accordance with the instructions for the constitution of the order book and the allocation of shares in the initial subscriptions issued. by the Council of the Capital Market Authority on the qualified categories participate in the process of building up the order book.
The company fought for the price of the takeover bid to be determined after the completion of the order book process for qualified investors, which begins on August 15 and ends on August 23.
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