Falcom Financial Services Company has announced the completion of the offer of 2.5 million shares, equal to 10% of the capital of Al-Wasail Industrial Company in the parallel market “Nomu”.
Falcom stated in a statement in “Saudi Tadawul” today Monday that the offering price is 19 Saudi riyals per share and the hedging ratio is 16.2 times the total number of shares offered during the offering period.
Falcom Financial Services, in quality of financial advisor e lead manager, will complete the necessary procedures with the Saudi Tadawul Group, then set the date for the listing of the shares.
The price range of the offer was set between 16 and 19 Saudi riyals per share.
The issued capital of the company is 250 million riyals, divided in 25 million ordinary shares, with a par value of 10 riyals per share.
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