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Saudi Fransi Capital, financial advisor, IPO manager, order manager, and general contractor of Al Muammar Information Systems, announced that it has successfully completed the process of creating an order book for companies and companies. listed investment funds. % Of the total shares issued at the price of 45 riyals per share.
"Franco-Saudi capital," said in a statement obtained "Numbers" A copy of which participating institutions and investment funds subscribed for all the shares offered.
The company has concluded that with the closing of the process of constitution of the register of the subscription orders of institutions and investment funds, 480,000 common shares would be allocated in a second time, representing 10% of the total of the shares offered to the maximum public subscription of subscribers.
Saudi Arabian Bank, Riyad Bank and Saudi Bank (SABB) have agreed to provide subscriptions and all necessary information to investors, including the provision of special platforms within their subsidiaries to receive subscriptions.
According to the data available "Numbers" On December 31, 2018, the Saudi Securities and Markets Authority (AMC) approved Al Muammar Information Systems' request for 4.8 million shares to be offered for public subscription.
The offer is expected to begin on Sunday, March 17, 2019 and last 5 days on Thursday, March 21, 2019.
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