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Yaqeen Capital Company announces the offering price for the shares of Bena Steel Industries Company (Bena)
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| Announcement Detail | Yaqeen Capital, as Financial Advisor and Lead Manager for the Offering of Bena Steel Industries Company (the “Company” or “Bena”) on the Parallel Market “Nomu”, announces that the Offering of Bena has been concluded, and the offering for the total of 600,000 ordinary shares representing 12.00% of the Company’s shares (“the Offering”). Offering price: 52 SAR per share. coverage was 150.02% of the total shares offered during the subscription period from Sunday 06-08-1444H (corresponding to 26-02-2023G) until Thursday 10-08-1444H (corresponding to 02-03-2023G). Yaqeen Capital, as Financial Advisor and Lead Manager will finalize the required procedures with the Saudi Stock Exchange and then determine the date for listing of the shares of Bena on the Parallel Market “Nomu”. Information and details regarding the Offering are available in the prospectus of the Company on the website of CMA (www.cma.org.sa) and the website of the Financial Advisor and Lead Manager (www.yaqeen.sa) and the website of the Company (www.benasteel.com). For the Prospectus, please visit the Capital Market Authority website below: https://cma.org.sa/Market/Prospectuses/Documents/bena_steel_ar.pdf |
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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