Yaqeen Capital Company announces the Offering Price Range for Bena Steel Industries Company (Bena Steel) in the Saudi Exchange’s Parallel Market (“Nomu”) and commencement of Qualified Investors Book-Building
| Element List | Explanation |
|---|---|
| Announcement Detail | Yaqeen Capital Company in its capacity as the Financial Advisor and Lead Manager on the potential offering of Bena Steel Industries Company (the “Company” or “Bena Steel”) announces on behalf of Bena Steel 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 (50 - 52) per share (the “Price Range”).
• The Offering is comprised of (600,000) ordinary shares representing 12.00% of the issued share capital of the Company to be sold by the current shareholders (the “Offer Share”).
• The number of Offer Shares that will be allocated to Qualified Investors is (600,000) 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 (249,990) Offer Shares.
• Bidding and book-building period for Qualified Investors: starts on 26 February 2023G and ends on 02nd March 2023G.
• For more information and for the prospectus [in Arabic], please visit the Capital Market Authority website:
https://cma.org.sa/Market/Prospectuses/Documents/bena_steel_ar.pdf |
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