Falcom Financial Services, in his capacity as financial advisor e lead manager for the potential offer of Jazz Arabia Services “Gaz”, announced the determination of the price range for its planned offer 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 is set between 75-90 riyals per share.
The offering process consists of offering 790,000 common shares of the company’s existing shares, representing 5% of the company’s issued capital, which will be sold by existing shareholders.
Falcom Capital added that the period of the book process building for qualified investors starts January 23, 2022 and ends January 27, 2022.
He explained that 790,000 ordinary shares, equal to 100%, will be allotted to qualified investors.
The minimum number of shares that each qualified investor can subscribe is 10 shares, while the maximum number is 789,990 shares.
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