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Riyad Capital Company announces the Offering Price Range for Quara Finance Company (“Quara”) in the Saudi Exchange’s Parallel Market (“Nomu”) and commencement of Qualified Investors Book-Building.
| Element List | Explanation |
|---|---|
| Announcement Detail | Riyad Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Quara Finance Company (“Quara” or the “Company”) announces on behalf Quara the offering price range and commencement of the Qualified Investors Book-Building Period as per the following details: • The Offering price range has been set at SAR (13 - 15) per share (the “Price Range”). • The Offering is comprised of (2,650,000) ordinary shares representing 8.83% of the issued share capital of the Company (the “Offer Share”). • The number of Offer Shares that will be allocated to Qualified Investors is (2,650,000) Shares, representing 100% of the total number of Offer Shares. • Each Qualified Investor who subscribes for the Offer Shares must apply for a minimum of (10) Offer Shares and a maximum of (1,499,999) Offer Shares. • Bidding and book-building period for Qualified Investors: starts on 04 February 2024G and ends on 08 February 2024G. • Deadline for payment of the subscription amount according to the subscription requirements 08 February 2024G. • Refund of excess subscription amount (if any) max by 18 February 2024G. For more information and for the prospectus [in Arabic], please visit the Capital Market Authority website www.cma.org.sa, Quara’s website www.quarafinance.com, and Riyad Capital website www.riyadcapital.com. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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