Today Start building an order book to introduce “industrial vehicles” to “Nomu”

Falcom Financial Services, in quality of financial advisor e lead manager for the potential offering of Al-Wasail Industrial Company on behalf of the company, announced the determination of the price range for its planned offering and the start of the book period building for qualified investors.

Falcom stated, in a statement on “Saudi Tadawul” today Sunday that the price range has been set between 16 and 19 Saudi riyals per share.

The offering process consists of offering 2.5 million common shares of the company’s existing shares, representing 10% of the company’s issued capital, which will be sold by existing shareholders.

2.5 million common shares will be allotted, representing 100% of eligible investors.

The minimum number of shares that any qualified investor can subscribe is 10 shares, while the maximum is approximately 1.25 million shares.

The book process building for qualified investors it starts on December 26, 2021 and ends on December 30, 2021.

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