Yaqeen Financial Company, in its capacity as the financial advisor and subscription manager for offering the shares of the “Food Trading Gate” company in the parallel market “Nomu”, announced the completion of the offering process for 420,000 ordinary shares, representing 20% of the company’s shares.
The company said in a statement on “Tadawul Saudi Arabia”, today, Tuesday, that the offering price amounted to 56 riyals per share, with a coverage rate of 556.96% of the total offered shares during the offering period from Sunday 08-20-1444 AH (corresponding to 03-12-2023 AD). Until Thursday 08/24/1444 AH (corresponding to 03/16/2023 AD).
She added that she, in her capacity as the financial advisor and subscription manager, will complete the necessary procedures with the Saudi Tadawul Group “Tadawul” and then set the date for listing the shares of the Food Gate Trading Company in the parallel market “Nomu”.
The Saudi Capital Market Authority had approved the request of the “Food Gate Commercial” company to register its shares and offer 420,000 shares, representing 20% of its shares, in the parallel market.