Yaqeen Capital Company announces the offering price for the shares of Arabian Plastic industrial Company (APICO)
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| Announcement Detail | Yaqeen Capital, as Financial Advisor and Lead Manager for the Offering of Arabian Plastic industrial Company (APICO) (the “Company” or “APICO”) on the Parallel Market “Nomu”, announces that the Offering of APICO has been concluded, and the offering for the total of (1,000,000) ordinary shares representing 20% of the Company’s shares. Offering price: 27 SAR per share. (“the Offering”) coverage was 15.43x of the total shares offered during the subscription period from on Sunday 15-02-1444H (corresponding to 11-09-2022G) to Tuesday 17-02-1444H (corresponding to 13-09-2022G).
Yaqeen Capital, as Financial Advisor and Lead Manager will finalize the required procedures with the Saudi Stock Exchange “Tadawul” and then determine the date for listing of the shares of APICO 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.apico.com.sa) |
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