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Samba Asset Management (Samba Capital) and Lajam Sports Company ("Lajam" or "the Company") owned and operated sports centers under the brand name "Fitness Time" held an official signing ceremony in Riyadh on 30/07 / 2018 Agreements with beneficiaries regarding the public subscription of Gem. The ceremony was held at Samba Capital's headquarters as a financial advisor, IPO manager, IPO manager and underwriter.
The signing ceremony successfully follows the completion of 15.7 million shares representing 30% of the capital of the enterprise for institutional investors, A large number of institutional investors, which s & rsquo; Is translated by a subscription of 8.3 times.
The second tranche of subscribed investors will be launched from Wednesday 01/08/2018 until the end of Tuesday 07/08/2018. Possibility for individual investors to subscribe to 1, 571 501 shares representing 10% of the total shares offered for public subscription at the price of 52 rupees per share
Private investors can subscribe to a minimum of 10 shares and 250,000 shares through one of the participating parties, Samba Financial Group, Al-Rajhi Bank, National Commercial Bank, Riyad Bank, Saudi Fransi Bank, Saudi British Bank and Arab National Bank
M Abdul Mohsen Bin Ali Al-Hakbani, Vice President and General Manager of Lajam, said: Segmented Institutions During the BNA Phase I would like to take this opportunity on behalf of JAM and its shareholders to express our gratitude to all stakeholders, including the Capital Market Authority and Tadawul, to help us take this important step.
Mr. Salik Ahmed, CEO of Samba Capital: "We are very pleased with the results of the process of building the order book. The offer has been covered by institutional investors 8.3 times. We are impatient to offer the shares to individual investors and carry out the IPO to promote the pioneering position of Samba Capital as an IPO advisor in Saudi Arabia. "
More [www.leejam.com.sa] It should be mentioned that GAM is the largest operator of sports centers in Saudi Arabia and in the Middle East and North Africa region.Gym has its own sports centers under the brand name "Fitness Time." At the end of 2017, the GAM has 108 sports centers in 23 cities in Saudi Arabia, 4 sports centers in the United Arab Emirates and 31 under construction. a leading portfolio management company in Saudi Arabia Samba Capital offers a full range of services including corporate finance, investment services, asset management and brokerage.
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